Candlestick Combination

Candlestick patterns are made up of one or more candlesticks and these can be blended together to form one candlestick. Trader can blend candlesticks to observe candlesticks for longer periods of time. This blended candlestick captures the essence of the pattern and can be formed using the following:

• The open of first candlestick
• The close of the last candlestick
• The high and low of the pattern

For example 30 minute candlesticks would blend into a different 1 hour candlestick pattern. If you had 30 minute candlestick patterns as presented below you would also have a 1 hour Hammer and 1 hour Shooting Star.

These candlesticks are only a few of the various patterns that traders look for trading the price action. A trader's ability to see these patterns in real time allows for the execution of better trades.