Candlestick analysis is technical analysis done by candlestick charts.
Candle stick charts are evolved from Japan
Candlestick chars are most effective for short term trading.
Volume is considered to confirm the trend reversal in candlestick analysis
Real time application is possible in Intraday Trading.
general forecasting duration using candlestick analysis is 4-5 days i.e 1 week.
1. Engulfing Pattern – Bullish Engulfing & Bearish Engulfing
2. Piercing Pattern – Bullish piercing pattern & Bearish piercing pattern
3. DOJI – morning and evening star
4. Hammer / Hanging man