SR Chart Patterns - Japanese Candles
Candlestick chart patterns reveal a wealth of information for the trader. A candle with a long body and little or no wick indicates that there is no indecision about price. During the period that this candle covers, traders would be mostly taking the same side, and prices would be heading in one direction.
Conversely, a short body and long wick on a candlestick chart shows that traders couldn’t make up their minds collectively. Price gyrated around its opening level and after lots of movement wound up virtually unchanged.
In this lesson, we will learn all about candlestick patterns and how whole sequences of candles can form shapes or patterns that suggest both what markets are feeling about a given currency pair, and where price is likely to go in the future.