A Candlestick pattern is first used by Japanese and now widely used all over the world. Candle shows open, close, high and low prices. It is used for short term investing usually 5 to 7 days.
Most of the candlestick indicates reversal pattern of prices. Some candle stick pattern is easy to predict. Engulfing, piercing, Doji and hammer are some of the pattern which indicates the trader about the movement of prices