Morning and Evening Star (Japanese Candlestick Patterns)

Today there are several patterns which are to be discussed. These patterns all belong to the same family. I will be covering the entire “star” family of candlestick patterns, except for one which will be covered later. Anyways, on with what will be this blogs biggest post to date.
The pattern that we are going to [...]

The Hanging Man (Japanese Candlestick Pattern)

Today’s Japanese candlestick pattern is called the “Hanging Man”. It is a reversal pattern that is often found at the peak of an upward trend.
A hanging man must be found during an up trend in order to be meaningful. A hanging man is defined by a small real body, long lower wick, and short or [...]

How to Read Japanese Candlesticks

The most important thing to know about Japanese candlesticks is how to read them. Japanese Candlesticks usually come in two different colors. One color which represents an up day, and a second color which represents a down day. Most trading programs allow you to change the color of your bull and bear candles at will. [...]