Last update: August 2021
≈ Which candles are your favorite? ≈
Candles are the building blocks of all charts. A candle is a single unit of time, that tracks the Open, High, Low and Closing price of that unit of time. When combined, they can form immensely powerful patterns that give us traders indications of what may happen next. Candlestick analysis can help us in overall probability analysis and to identify trend changes, pivots forming and entry points.
Any technical analysis is strengthened with good candlestick analysis. If you have not mastered the patterns, make sure you study them. A great place to start is with the S.T.E.P. Swing Trading System, Module 1.2. Let us know how we can help you learn candlestick analysis and how to use them in your trading.
Chart of the Day: Candlestick Patterns
Video of the day: Candlestick Charts
The popularity regarding candlestick charts comes from the simple visual relationships they can help a trader understand.
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