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Types of Japanese candlesticks and predicting trends
In order to benefit from the patterns and shapes of Japanese candlesticks, they have been divided into types based on the number of candles needed to give you a clear signal in the market. There are models for single, double and triple Japanese candlesticks, and in each type of Japanese candlesticks, the signals given by the candles are divided into reversal or continuation.
The most important use of Japanese candlesticks in trading is to determine the trend, whether a reversal of the current trend and a reverse signal or confirmation of the continuation of the current trend after a period of sideways movement and a continuation signal.
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A bullish reverse signal means the formation of a pattern of Japanese candlesticks, whether single, double or triple, at the end of a downward trend in the market, to give a signal indicating a reversal of the price movement upwards.
The bearish reversal signal means the formation of a pattern of Japanese candles, whether single, double or triple, at the end of an upward trend in the market, to give a signal indicating a reversal of the price movement downwards.
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There is a continuation signal indicating the continuation of the price movement in the same current direction, whether up or down, and this signal from Japanese candles helps investors identify a period of calm and price fluctuation in the market before completing the previous movement
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