Price is the cumulative result of all market information. Hence, technical analysts use price charts and chart patterns in their market study. candlesticks have become the most popular chart type for price action analysis.
we have 3 methods to identify price action with candlesticks.
1.One Price Bar (Pin Bar) 2.Two Price Bars (Inside and Outside Bar) 3. Three Price Bars (MS and ES)
In this post we discussed about One Price Bar only. we can post Remaining 2 concepts later.