Know Your Candlestick Patterns

One of my goals in continuing to improve my trading system is to test out every type of bullish and bearish candlestick pattern to see if it's worth adding to the mix. In researching the different types of candlesticks, I came across this great free resource that illustrates dozens of patterns associated with uptrends and downtrends in a market. Check it out: Hotcandlestick.com

Note that those with green borders are classified as continuation signals, and those with red borders as reversal signals - an important distinction. Depending on what currency you're trading and the timeframe of chart you're looking at, you may not see some of them that often, if ever. For instance, I don't know if I've ever seen a "Tweezer Top" or "Tweezer Bottom" on the daily EUR/USD chart. But they're still good to know about.

Hope this helps you make the most of your candlestick charts!

Related topic:
Candlestick Chart Tutorial