Clive’s main “brief” in writing his daily analysis is to KISS, and he has found that Candlestick patterns do this very well. They can be used in long and short term charts on any market, if there is an understanding of the psychology behind the myriad patterns. Clive will cover a few of the more common and important reversal patterns, (Hammers, Shooting Stars, Doji, Morning & Evening Stars and Engulfing Patterns), with examples, explaining their formation from a “psychological” point of view.

Making use of his knowledge of Behavioural Finance, and incorporating some references to neuroscience, Michael will discuss why some price patterns work, and why some don’t. He will not attempt to cover the full range of Reversal Patterns, but will try to draw universal lessons from a limited number of examples.