We look at five such candlestick patterns that are time-tested, easier to spot with a high level of accuracy.
Doji. These are the easiest to identify candlestick pattern as their opening and closing price are very close to each other. …
Bullish Engulfing Pattern. and Bearish Engulfing Pattern. …
Morning Star. and Evening Star..
Candlesticks visually provide a clear and easy-to-identify set of patterns that are highly accurate in predicting market trends. By using candlesticks, along with some basic technical analysis, you can easily begin to see patterns emerge in the market — and more importantly, you can start taking advantage of these patterns when you trade.