[FULL] Candlestick Patterns Cheat Sheet

 

Candlesticks should never be analyzed in isolation.

Example: A hammer in the middle of nowhere means very little.

A hammer:

• At support
• During an uptrend
• With increased volume

is far more meaningful.

Professional traders focus on:

1. Location
2. Trend
3. Market Structure
4. Volume
5. Context

The candle itself is only one piece of the story. Context is what gives a candlestick its true meaning.