Candlesticks

Every trading book tells us that the price chart is the first source of information that a trader needs to look at, and only then apply any indicators and trading systems. Indeed, many books are devoted to chart analysis, and candlestick analysis occupies a special hierarchy because trading without using any trading tools is the highest level, which almost all beginning traders strive for. Over time, traders have identified about three dozen different candlestick patterns, many of which are effective, and others are no longer effective as the markets change.