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What are Candlesticks Patterns chart?


Candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement. A chart pattern or price pattern is a pattern within a chart when prices are graphed. In stock and commodity markets trading, chart pattern studies play a large role during technical analysis.
If you are new to candlestick charts it will not be that easy learning and recognizing all the patterns.
Well there are multiple Candlestick patterns. But first we need to know what exactly candlestick pattern looks like? So, if you look at the picture below you will see that there are bars one white and one black. Now, the white bar here shows buying or bullish trend although it can be of Green (most of the times) or Blue or any other color that you choose. The black bar shows the bearish trend or selling in market for the time period candle was created. It can be of RED (most of the times) or any other color that you choose to represent.
Talking about Different patterns: Now based on the traders pattern in an specified time duration different kind of patterns are created which are shown below:

Here, we begin to interpret what it exactly means. Well for that we need to konw how many types of Candlesticks do we have and what are their patterns. Now there are two types of Patterns:
  • Bullish Candlestick: Bullish Trend in financial markets can be defined as a upward trend in the prices of an industry's stocks or the overall buying in broad market indices. The Candlestick pattern that shows this trend is know as Bullish Candlestick
  • Bearish Candlestick: Bearish Trend in financial markets can be defined as a downward trend in the prices of an industry's stocks or the overall fall in broad market indices. Bearish trend is characterized by heavy investor pessimism about the declining market prices scenario. The Candlestick pattern that shows this trend is know as bearish Candlestick

You can learn from ebooks or best way of learning is YouTube. On YouTube you can see the implementation. Try this link for quick learning of Candlesticks, it works for me as the research shown is on Indian stock market but I believe Candlesticks are same for everyone:
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