Here is a list of the seven most popular reversal candlestick patterns used in technical analysis to determine a high probability area on a chart for a reversal of a current trend. These patterns show a shifting in power from buyers to sellers or sellers to buyers through the price action of the candle being unable to make higher highs or lower lows. The doji candlestick chart pattern is usually formed from a small trading range in a time period where both the open and closing price are nearly equal. A doji candlestick usually signals indecision for a direction in a chart. A doji candle can signal a pause in the … (full story)
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