Candlestick analysis is a form of technical analysis where patterns are a combination of one or more candlesticks. The patterns indicate the trend direction for a short time period.
Few popular patterns of candlesticks are
(a) Bullish or bearish engulfing
(b) bullish or Bearish piercing
(c) Doji
(d) Morning & Evening Star
(e) Hammer or hanging man
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