MOST PROFITABLE CANDESTIC PATTERN
The concept of "Candlestick Patterns " (not "CANDESTIC PATTERN") is commonly used in technical analysis of financial markets, particularly in trading and investing. Candlestick patterns are used by traders to analyze price charts and make predictions about future price movements based on historical price data. There are many candlestick patterns, and their profitability depends on various factors, including the context in which they appear, the timeframe being analyzed, and market conditions. Some of the more well-known and widely used candlestick patterns include: Doji : Indicates indecision in the market and can signal a potential reversal. Hammer and Hanging Man : These patterns can suggest trend reversals. A hammer forms at the bottom of a downtrend, while a hanging man forms at the top of an uptrend. Engulfing Patterns (Bullish and Bearish): These patterns involve one candlestick completely covering the previous one and can signal a reversal in the direction o...