Candle Stick Patterns
In technical analysis, a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement. The recognition of the pattern is subjective and programs that are used for charting have to rely on predefined rules to match the pattern.
Simple and Powerful Analytical Method.
Its used for predicting the price movements for a short term. i.e. within a week’s time.
Its a reversal pattern where volume is not an important factor.