Candlestick patterns, which are technical trading tools, have been used for centuries to predict price direction. Candlestick reversal patterns predict a change in price direction, while continuation patterns predict an extension in the current price direction. There are various candlestick patterns used to determine price direction and momentum, including three line strike, two black gapping, three black crows, evening star, and abandoned baby. However, it’s worth noting that many signals emitted by these candlestick patterns might not work reliably in the modern electronic environment. This analysis relies on the work of Thomas Bulkowski, who built performance rankings for candlestick patterns in his 2008 book, “Encyclopedia of Candlestick Charts.”