Candle stick patterns

Candlesticks displays the high, low, opening and closing prices for a security for a specific time frame. Candlesticks reflect the impact of investor’ emotions on security prices and are used by some technical traders to determine when to enter and exit trades.

There are several candle stick patterns that are employed by positional traders to forecast the price movements which include, Doji, Engulfing, piercing, hanging man, hammer, morning and evening star etc