It can for example aggregate a full trading day of prices. It lets you chart candlestick and all other charting types and you can try it now for free.Ī candlestick is a way to represent an aggregation of all the prices traded for a given time period. The best way to chart candlestick is using the TradingView solution. How are candlestick patterns composed? Candlesticks!Ĭandlestick patterns are part of a way to represent market prices : the candlestick charts. So for most patterns (articles below) you’ll find data about their performance and reliability (how often they confirm, reach the target or stop, how often they appear, …) to adjust your trading strategy. Plus at PatternsWizard, our absolute focus is to bring you data-driven performance statistics.
This extensive cheat sheet will definitely give you an edge and let you understand and recognize every pattern. No more doubt about what makes a specific pattern and how well it works. Each article goes into detailed explanation, gives you examples and data. Here there are detailed articles for each candlestick pattern. Every candlestick pattern detailed with their performance and reliability statsīelow you’ll find the ultimate database with every single candlestick pattern (and all the other types of pattern if you are interested).
They come in different shapes and sizes but they all share something in common : they are made of 1 to 5 candlesticks (I know you surely guessed it from its name).
Did you know there are more than 60 candlestick patterns?