Candlestick analysis is one of the most important analysis in stock trading and also very interesting one. This type of analysis is suitable for weekly traders. It is a combination of line charts and bar charts. It clearly specifies four aspects of a stock, the open, the close, the high and the low.
This section explains clearly about the patterns in candlestick for detailed and knowledgeable trading. It includes.
1. Engulfing pattern
2. Piercing pattern
3. DOJI (Morning and evening star)
4. Hammer and Hanging man.