Candlestick charts are great for improving your market timing.
Candlestick charting has a valuable aspect. It is visually easy to see patterns and the overall trend in the charts. This is an essential part for any technical trader to master.
In today’s trading environment you need to have a clear plan and rules on how you will trade profitably. Fortunately, the graphic picture that candlestick charting express makes it easy to take profitable actions.
One of the biggest advantages of candlestick charts is that candlesticks can be used in all time frames and when trading stocks, futures, forex and every other market that have an open, close, high and low.
The power of candlestick patterns is that they are created by the change in sentiment and crowd psychology. A green candlestick (candle) after a red candle shows that for now, the bulls are in control. A red candle after a green candle shows that in that moment, the bears are in control.