Candlestick patterns play a key role in identifying reversals in the markets and traders who know how to use them correctly have an ultimate edge in trading. However, a lot has already been written and a plethora of material is readily available out there on using these patterns.
S&P 500 index recently reversed down from the pivotal resistance level 5035.00 (which stopped the previous minor impulse wave iii at the start of this month).