I've been diving into day trading recently and keep coming across the concept of candlestick patterns. I understand the basics of what they are and how they represent price movement over a specific period, but I could use some guidance on their practical application.
Which candlestick patterns have you found to be most reliable when day trading, and why? Also, are there particular timeframes or market conditions where they tend to be more effective? Any tips on how to avoid false signals would also be appreciated.
Looking forward to hearing your experiences and insights!