Candlestick analysis is very useful for weekly forecasting casting for positional traders.
Doji are neutral patterns
Piercing patterns – The body should cover the previous day’s low. Today’s body should cover atleast 50 % mark of previous body. The upper tail should be small in size.
Morning Star – Bullish and Evening star – Bearish.
Hammer – lower tail should be minimum two times of its body size.
Hanging Man – Reversal of Hammer