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Candelstick Patterns

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The Candlesticks are graphical representations of price movements for a given period of time and they are commonly formed by the opening, high, low, and closing prices of any financial instrument.
The combination of these candlesticks tends to form patterns that could forecast price movements effectively.

There are several candlestick patterns but these are the most used and effective ones. Remember that they are more effective combined with other forms of Technical Analysis like trend lines or Fibonacci retracements.

The following patterns are divided into two parts: Bullish patterns and bearish patterns. These are reversal patterns that show up after a pullback (bullish patterns) or a rally (bearish patterns).