They present price action over a set period of time and provide information such as possible reversal in the markets by showing the price movement.
The Patterns can be used for those already day trading and looking for long term investments. The great thing about them is that you can use them in all time frames, whether it’d be one day, an hour or just thirty minutes. Hantec Markets created an infographic outlining the basics of Japanese candlestick patterns, helping you gain understanding of the traditional charting.
Infographic by: hantecfx.com