Candlestick charting has become highly popular with stock and options traders. Almost every trading platform has candlestick patterns available. If you want to take your trading to the next level, you need to master candlestick charts as they provide so much valuable information about the market sentiment that the other charts simply can’t.
These patterns are highly effective and efficient
The problem is mastering how to identify them when looking at charts. Many traders are content with the one stick and the two stick patterns. However, if you want to take your trading with candlestick charts to the next level, you should master these three stick candlestick patterns. These can be an accurate trading signal for a trend reversal or the trend continuation!
Mastering these three stick candlestick patterns might not be easy and sometimes frustrating as they might not appear quite frequently so you may not be able to use them more often in your trading. But if you spot them correctly these can be highly effective and profitable buy or sell signals for you!
What candlestick patterns do you really like to use?
Leave A Reply (2 Comments )
Praveen Muthu
477 days ago
Awesome video as always, Kirk! Just wanted to add that I use those patterns in my trading strategy and also include fakey setups (fake breakouts) and inside bar patterns (like the bullish and bearish harami and engulfing) with some fib levels if need be.
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Kirk - Admin Reply:
January 31st, 2011 at 6:43 AM
yeah the bullish and bearish engulfing patterns are also great ones! Thanks for the kind words as always!
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