Using Candlestick Patterns to Find Support and Resistance The chart below shows how the first time price tested the resistance area, only the candle wicks could break the resistance and the candle bodies could not close above; meaning the level had held. The next attempt price made at resistance...
There are dozens of different candlestick patterns with intuitive, descriptive names; most also have a corollary pattern between the upside and downside. For instance, an “abandoned baby top” has its corollary in an “abandoned baby bottom;”“tweezer bottoms” have their upside corollary in “t...
Today’s lesson is a summary of my favorite tailed-bar candlestick patterns. These are the same patterns that I look for when I analyze the charts and that I trade regularly. You will learn what these patterns look like and how to identify them as well as what they mean. This will...
Financial Innovation (2025) 11:19 Page 2 of 35 The Japanese candlestick is one technical analysis method, and some scholars found that it could predict the trend of asset prices. For example, Zhu et al. (2016) found that bullish harami, engulfing, and piercing patterns were profitable ...