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Feedback: Bulls, bears and candlesticks

20 July 2011

Bulls, bears and candlesticks

FEEDBACK is indebted to James Newton-Thomas for his assistance in elucidating the “bearish Dark Cloud Cover candlestick pattern” that so puzzled us when we read of it in the “Forex analyst picks” column of a free newspaper aimed at London’s financial folk (14 May and 25 June). James sends us to “The Top 10 Best Candlestick Patterns” () on a website that promises we can “learn a unique trading strategy!”

It seems that the bearish Dark Cloud Cover pattern is just one of many candlestick patterns – others are named “engulfing”, “hammer”, “harami”, “piercing”, “doji”…

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