Are candle stick patterns always accurate?
Every candlestick tells a story of the showdown between the bulls and the bears, buyers and sellers, supply and demand, fear and greed. It is important to keep in mind that most candle patterns need a confirmation based on the context of the preceding candles and proceeding candle.
Some major types of candle stick pattern are
- Hammer Candlestick
- Shooting Star Candlestick
- Doji Candlestick
- Bullish Engulfing Candlestick
- Bearish Engulfing Candlestick
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