I don't know about you, but I haven't been able to memorize all the candlestick formations. If you want to become a serious student of candlesticks, reference the works of Steve Nison; he's the expert.
In the meantime, this page lists some of the more common pattern formations for your reference. If you want a TradeStation or MultiCharts indicator that labels the patterns, check out my Order Form.
A Star appears when a small body gaps ABOVE the previous day's long body. Stars are part of more complicated candlestick patterns, especially the reversal patterns.
A Rain Drop appears when a small body gaps BELOW the previous day's long body. Rain Drops are part of the more complicated patterns, especially the reversal patterns.
Sunny has been teaching others to trade almost as long as she has been trading. Helping struggling novices over the hurdles is a passion of hers. Sunny has won awards for her teaching and consulting, being #1 in several categories. Sunny can teach you how to use TradeStation & MultiCharts and EasyLanguage and PowerLanguage, TC2000, VantagePoint, NinjaTrader, Genesis Navigator, and MetaStock so you don't spend months struggling on your own. If you have a concept you want programmed, she can do it for you or teach you how to do it yourself. Click Here.
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