Candlestick patterns have a unique following among price action enthusiasts and technical analysts. They are widely popular due to the fact that they reflect market sentiment visually. When you see a red or a black candlestick, you automatically know that for the session, price closed lower. Likewise, when you see a green or a white candlestick, you know that price was bullish during the session. Aside from these simple visual depictions, the way a candlestick closes also provides Forex traders with a lot of information. There are many different types of candlestick patterns. These range from the simple, single ... (full story)