Most books and articles on candlestick charting point out that any patterns occurring in bar charts (cup with handle, head and shoulder, triangle, and so forth) are also identifiable in candlestick charts. The reverse is also true: Any pattern that can be identified in candlestick charts can be seen in bar charts. However, traditional technical analysis references do not illustrate nor explain candlestick patterns, although they go into great detail on bar pattern analysis. Read on to learn more...
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Technical analysis focuses on market action — specifically, volume and price. Technical analysis is only one approach to analyzing stocks. When considering which stocks to buy or sell, you should use the approach that you're most comfortable with. As with all your investments, you must make your own determination as to whether an investment in any particular security or securities is right for you based on your investment objectives, risk tolerance, and financial situation. Past performance is no guarantee of future results.