source: http://www.chartpatterns.com/ Here is what Investopedia.com has to say about patterns: In technical analysis, the distinctive formation created by the movement of security prices on a chart. It is identified by a line connecting common price points (closing prices, highs,…
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Technical side: What are Candlesticks?
source: http://www.candlestickpicks.com/ First of all lets know where Candlesticks came from. Let’s borrow some history information from Investopedia.com The candlestick techniques we use today originated in the style of technical charting used by the Japanese for over 100 years before the West developed…