However, forex traders favor candlestick patterns because candlestick charts are the most popular chart pattern nowadays. Forex chart patterns fall into three categories — reversal, continuation ...

Traders use the candlesticks to make trading decisions based on irregularly occurring patterns that help forecast the ...

On a chart, it is usually green or white, depending on a trading platform's settings. A bullish candlestick shows four parameters: • Opening price; • Closing price; • Lowest price; • Highest price.

It's a candlestick pattern indicated by three consecutive long candles each with a higher top, or closing price. These candles are called white soldiers because some charts show higher closes as ...

Over time, the candlesticks group into recognizable patterns that investors can use to make buying and selling decisions.

This indicates that the asset’s price rose. These candlestick charts form several patterns. Depending on the shape, colour and size of the candlestick, traders take positions or make changes in ...