Candlestick formations are one of those things I see everyone use, yet I can’t grasp the logic behind it. Hanging man, shooting star, pin bar, gravestone, dragonfly, hammer… they are all the same thing, aren’t they?
A candle with large wicks and small body that suggests a possible transition of power between buyers and sellers. There are small variations, but pretty much all “reversal formations” are just that.
What is the point in learning them as patterns? Just figure out the logic behind the individual candle and you won’t need to memorize any pattern.