Chart School

banner

See our Patterns Dictionary describing all candlestick patterns!

Check our CandleScanner software and start trading candlestick patterns!

Candle patterns are very interesting for traders due to their simplicity, elegance and natural interpretation of market sentiment. No matter how markets evolve, “patterns” will appear on the charts. Essentially, the core premise, and assumption, underlying the application of technical analysis is that such patterns are repetitive and detectable. Technical analysis is widely employed in various financial markets, informing traders about the non-fundamental determinants of price, in other words, “market sentiment.”