Chart pattern: Difference between revisions

Revision as of 20:51, 21 February 2023

Revision as of 22:53, 14 March 2023

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In [[technical analysis]], a '''candlestick pattern''' is a movement in prices shown graphically on a [[candlestick chart]] that some believe can predict a particular market movement. The recognition of the pattern is subjective and programs that are used for charting have to rely on predefined rules to match the pattern. There are 42 recognized patterns that can be split into simple and complex patterns.

Steve Nison is the person who introduced candlesticks to the West.<ref>{{Cite web|url=https://www.marketwatch.com/story/the-candlesticks-man-says-hes-not-buying-stocks-2015-12-01|title=The ‘candlesticks'candlesticks man’man' says he’she's not buying stocks|last=Kilgore|first=Tomi|website=MarketWatch|language=en-US|access-date=2018-12-31}}</ref> There are hundreds of candlestick pattern available which are discussed in Steve's book [https://books.google.com/books/about/Japanese_Candlestick_Charting_Techniques.html?id=rbn8NeXOYV4C&redir_esc=y Japanese Candlestick Charting Techniques].

==See also==