Anticipating Reversals With Candlestick Chart Patterns

There are perhaps hundreds of books written on candlestick chart patterns featuring several

hundred of the different candlestick chart patterns. Although there are these many, do not get

pinned down by the sheer number of candlestick chart patterns a trader has to learn.

Get Comfortable With Candlestick Chart Patterns

There are only a few basic candlestick chart patterns to get started off with and this writeup will

showcase one area of candlestick chart patterns and that is anticipating reversals. These handful

of candlestick chart patterns will cover most reversal scenarios and a trader has just to get really

good with them.

Recognizing Candlestick Chart Patterns With Ease

The most common and powerful candlesticks chart patterns to indicate reversals are:

1) Doji

2) Spinning tops

3) Evening and morning stars

4) Double or triple tops

5) Head and Shoulders

Doji

Dojis are formed when price opens and closes at the same level in a candlestick, indicating price

indecision. They are most significantly seen after extended periods of rally with long bodied

candles. A trader should only placed importance on doji occurring on long rallies with big moves

and not on dojis found in range bounds.

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