Anticipating Reversals With Candlestick Chart Patterns
There are perhaps hundreds of books written on candlestick chart patterns featuring several
hundred of the different candlestick chart patterns. Although there are these many, do not get
pinned down by the sheer number of candlestick chart patterns a trader has to learn.
Get Comfortable With Candlestick Chart Patterns
There are only a few basic candlestick chart patterns to get started off with and this writeup will
showcase one area of candlestick chart patterns and that is anticipating reversals. These handful
of candlestick chart patterns will cover most reversal scenarios and a trader has just to get really
good with them.
Recognizing Candlestick Chart Patterns With Ease
The most common and powerful candlesticks chart patterns to indicate reversals are:
1) Doji
2) Spinning tops
3) Evening and morning stars
4) Double or triple tops
5) Head and Shoulders
Doji
Dojis are formed when price opens and closes at the same level in a candlestick, indicating price
indecision. They are most significantly seen after extended periods of rally with long bodied
candles. A trader should only placed importance on doji occurring on long rallies with big moves
and not on dojis found in range bounds.
… To Continue Reading the Rest of the Article, Please Click Here
http://www.forexgeometry.com/candlestick-chart-patterns/