Today let’s take the next step in determining more sophisticated patterns that will indicate a bullish or a bearish signal to traders. Namely, triangle, wedge, flag, and head & shoulders patterns.
Let’s go through some simple Japanese candlestick patterns today. Don’t worry. We will not be doing anything elaborate. Instead, we will just show you three patterns that you can incorporate into your daily analysis.
The candlestick creation is an ongoing battle between buyers (the bulls) against the sellers (the bears) during a pre-selected time frame. The time frame can be 1-day, 4-hour, 1-hour, 15-min, etc. Read on and find out more about these fascinating patterns.