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Candlestick patterns are one of the oldest forms of technical and price action trading analysis.
A single pattern of time series is obtained as an output for stock chart pattern recognition. Patterns, which helptraders make sense of market conditions and recognize advantageous times to enter trades. Being able to view how a stock is going to open before the market opens improves an investors positioning dramatically. It also compares hard coded algorithm with several models. For traders, learning & identifying bullish or bearish candlestick formation in a maze of listed stocks is a painstaking activity. Through japanese candlesticks, the market signal that shows the battle between the bulls (buyers) and the bears (sellers) over a certain amount of time.
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