Candlestick patterns are among the most frequently used technical tools by active futures traders. No matter the strategy―whether it is trend, rotational, or reversal―chart patterns can be valuable for position management or market timing devices. Let’s take a look at the top three tips for trading Japanese candlestick chart patterns. Tip No. 1: Be Aware… Read more.
In contemporary technical analysis, candlestick patterns are go-to indicators for legions of active traders. From the doji to the evening star, these formations are applied to every conceivable market. That is one of the key benefits of using Japanese candlestick chart patterns: The formations are readily discernible.