This makes them more useful than traditional open, high, low, and close (OHLC) bars or simple lines that connect the dots of closing prices. Candlesticks build patterns that may predict price ...

Technical analysis relies on charts to forecast prices. The goal of technical analysis is to identify particular chart patterns ... as line charts, bar charts or candlestick charts.

The hammer is a common bullish candlestick reversal pattern that forms when the price ... appears as a small candlestick effectively tucked inside the larger one. It can be a flag of an upcoming ...