Common Candlestick Patterns
If a good forex trader is like a wizard, then candlesticks are like the crystal ball that help you see the future – i.e. the future prices.
Let’s test your knowledge on the most common candlestick patterns in forex:
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What is a hammer candlestick made of?
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When is a hammer candlestick usually formed?
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What is the difference between a hammer and an inverse hammer?
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What does the bullish engulfing candlestick show?
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What is the composition of the morning star candlestick?
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What do the three white soldiers represent?
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The hanging man candlestick is the bearish form of …
8 / 8
How should you interpret the evening star candlestick?
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