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Why use Candlestick patterns?

Candlestick patterns are great indicators that can predict the future price movements of stocks. Every time a pattern forms it gives you an indication of the future of the security. Knowing these patterns can be extremely important.






Candlestick patterns will only take a few days to form. Some patterns will take 3 days like the shooting star. Some will take 2 days like the bearish engulfing pattern. Others will take only 1 day like the hammer to form.

They offer a great benefit and can be used alongside other signals to help you predict the future movements of given securities. But let us talk about why they work for a minute.

These stock patterns were noticed to be an accurate way of predicting the movements a while ago. Professional traders started use them and they became even more powerful indicators. After all if more people are trading these signals they do become more reliable.

Different candlestick patterns

Bullish Separating Lines
Bullish Meeting Lines
Bullish Unique River Bottom
Bearish Three Line Strike
Ladder Bottom
Bullish Stick Sandwhich
Bullish Matching Low
Bullish Belt Hold
Marubozu
Three White Soldiers
Three inside down
Bearish two black crows
Bearish Kicking
Bullish tri star
Bearish Tri Star
Side by side white lines
Three black crows
Bullish kicking
Bearish Advance Block
Bearish Breakaway Pattern
Inverted hammer
Falling three method
Rising Three Method
island reversal
Harami
Piercing line
Dark Cloud Cover
morning star
bullish engulfing pattern
hammer
hanging man
Evening star
doji
Downside Tasuki Gap