Candlestick patterns are a very basic form of technical analysis

Anyone starting to learn technical analysis or anyone teaching starts with candlestick patterns.

Doji is buy

Inverted hammer/shooting star is sell, it doesn't work at all.

If chart trading is so easy, why do 90% of traders lose money?

Take a look at the charts below for example.

Imagine the number of people who could have shorted this currency when they saw these hammers/shooting stars.

Or the people who bought that currency just by looking at a candle with a long wick.

Don't pay much attention to these patterns. Just pay attention to the market structure.

As long as the structure is bullish, you don't need to change your trend and the same goes for bearish market structure.

One candle is not enough to decide a trend change. Always wait for more data.