Candlesticks can form different patterns that show the trader what is going to happen next.
Sandra has a background in financial markets, having spent more than 9 years in commodities trading for several European and Asian companies. BinaryTribune is a financial media specialized in providing daily news and education covering Forex, equities and commodities.
Founded in 2013, Binary Tribune aims at providing its readers accurate and actual financial news coverage.
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Candlesticks have been used for many years and at the moment they are one of the most popular ways to analyze the market and to recognize trade signals. Open the charts that you are planning to use and look for any candlestick patterns that look reliable. However, in this case the Touch strike price should follow the direction of the reversal pattern, while the No Touch strike price must stay above the high points of the candlesticks that are included in the reversal pattern.
Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. By visiting our website with your browser set to allow cookies, you consent to our use of cookies as described in our Privacy Policy. Candlesticks are used in all traditional markets, so they can also be used in the binary options market.

On the image below you can see the candlestick pattern I spotted when I took a look at the charts that come with the crude oil asset. The candlestick pattern in this case ss called bearish harami and it shows that the asset is most likely bearish, so its price should keep going down.

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