1.Doji Formations.
2.Piercing and Cloud Cover Formations.
3.Engulfing Formations.
4.Hammer and Shooting Star Formations.
5.Harami Formations.
Candlestick charts are a popular chart choice among traders, because of the wide-range of trading information that they represent. Candlestick charts are also easy to read and interpret.
Candlestick charts consist of a body (fat part of candle) and tails or wicks (thin lines above or below the body). Each candlestick includes an open, high, low and close price for the time frame. The time frame of each candle is set by the trader.
trader.