If you are like me still trying to comprehend this form of charting, I suggest that you don’t over stuff your head with things that you don’t really understand. Keep it as simple as possible.
Yes I know it makes you envy people talking in forums, chatrooms, Facebook groups, and other on the live seminar who has this wide open eyes and lots of interjection when ascending triangle pattern, flags and pennant pattern, doji, hammer, engulfing pattern and other patterns are mentioned in the conversation while you are browsing your stock investing for dummies book to catch up. And all you do is nod your head as if you know what they are talking about. When you are by yourself at home you search the world-wide web and read this sites and after browsing to 15 minutes your nose starts to bleed.
In order to keep up with all these at your pace you got to find materials that is within your understanding level first. This is not to belittle yourself but rather this is in order to avoid yourself from over analyzing things. Start from explanations consisting of only two to four paragraphs with only few technical terms in it. Then when you begin to comprehend the basic it’s time to watch video tutorials. Video tutorials are powerful learning tools because the human mind retains more of the visual presentation rather than the written words. Also by way of example our minds easily grasp the idea.
I found one site with one page of all the possible candlestick patterns with a short explanation. Check out StockCharts.com’s Candlestick Pattern Dictionary by clicking here.
And lastly if you still can’t clearly comprehend these patterns ask a friend who actually understands these chart patterns. It would be best if you have a one-on-one and face-to-face discussion because you get to see how your friend sees these patterns.