In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. Today, we are talking about Chart Patterns in the Stock Market.

Candlestick charts are used by traders to determine possible price movement based on past patterns. Candlesticks are useful when trading as they show four price points (open, close, high, and low) throughout the period the trader specifies. The candlestick patterns are formed by grouping two or more candlesticks in a certain way.