#CryptoCharts101 In technical analysis, a candlestick pattern is a price movement that is graphically displayed on a candlestick chart and that, according to some, can predict a specific market movement. Recognizing this pattern is subjective, and the programs used for charting must rely on predefined rules to adapt to it. There are 42 recognized patterns that can be divided into simple and complex.

Steve Nison is the person who introduced candlesticks to the West. [ 4 ]

Below is a list of commonly used candlestick patterns:

Engulfing

Inside bar [ 5 ]

Doji

Pin bar

Morning doji star

Evening doji star

Tweezer top

Tweezer bottom