[IMG]http://********.cachefly.net/school/images/grade2/candlestick.png[/IMG]


Generally the candle describes the open position, high position, low position and the closed position of a price in the trading. it changes according to the time frames. If we see the image the white candle opens from bottom and moves to upward direction. And the black candle open in top and moves to the downward direction. The candlestick consists of different patterns:-

1. Bullish & Bearish Engulfing Patterns
2. Evening star patterns
3. Evening star doji pattern
4. Morning star pattern
5. Morning star doji pattern
6. Single candle patterns
7. Hammers & Hanging man patterns
8. Shooting star pattern & Spinning tops