6 Reversal Candlestick Patterns For Explosive Gains

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Reversal candlestick patterns can be used with any trading strategy.
Why are we looking at Forex reversal candlestick patterns and not continuation patterns in this guide?Steve Nison stated that reversal candlesticks patterns are more meaningful because they will allow a trader to:Enter a position when the current trend may be turningExit a position before the trend reverses taking back profitsMany academic studies focus on the reversal as well so there is evidence to suggest that reversal candlestick patterns are where we should focus.  We will also focus on the open and closes of the candlestick and generally not concern ourselves with the shadows.While nothing will predict with 100% certainty, some reversal candlestick patterns perform better than others.  You will be surprised that this guide will not cover popular candlesticks such as:Shooting star candlesticksHammer candlestick patternsDoji candlesThis guide is going to cover 1-3 day candlestick reversal patterns using candlestick charts and not chart patterns such as the butterfly pattern or the cup and handle pattern.

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