Candlestick patterns cheat sheet:

[Haytham]

How to understand any candlestick pattern without memorizing a single one:

To understand any candlestick patterns, you only need to know 2 things…

1. Where did the price close relative to the range?
2. What’s the size of the pattern relative to the other candlestick patterns?

Let me explain…
1. Where did the price close relative to the range?
This question lets you know who’s in control momentarily. Look at this candlestick pattern…
Let me ask you…
Who’s in control?
Well, the price closed the near highs of the range which tells you the buyers are in control.
Now, look at this candlestick pattern…
Who’s in control?
Although it’s a bullish candle the sellers are actually the ones in control, Why?
"Because the price closed near the lows of the range and it shows you rejection of
higher prices".
So remember, if you want to know who’s in control, ask yourself…
Where did the price close relative to the range?
Next…

 

[Reverend]

This will be helpfully confusing to noobs because most don't know what is open, high, low or close

 

[sholly]

This will be helpfully confusing to noobs because most don't know what is open, high, low or close

That is why many fail in forex they dont want to learn before they earn and that makes them loose money all the time