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Understanding the clues candles hold
One of the best things about the clues we find in candlesticks is that they are visual and very intuitive to the trader.
Think you’re not intuitive? Well try this simple test …
Which of these patterns signals an up trend, and which signals a downtrend?
1. Dark cloud cover 2. Morning star 3. Three black crows
If you answered “down”, “up”, “down” – you’d be absolutely right. And you’ve just passed your first test in candlestick theory!
With practice, reading candlesticks will become second nature – a quick glance can give you confirmation to enter a trade you’re dithering over, or it can tell you that now is the moment to exit and take profits.
Over the following pages, I want to show you how you can learn to spot these patterns quickly and easily. I’ll also let you in on the patterns that