The Railroad Candlestick is a unique candlestick pattern that often forms in lows or highs, getting its name from looking like a railroad track, the pattern is a potential reversal pattern. A trader can use this pattern as a determination combined with other factors such as risk to reward, where price is, trend, etc for considering a potential trade in the market.
A bullish railroad pattern in a low ( such as a support area ) can suggest a movement higher in the market.
A bearish railroad pattern in a high ( such as a resistance area ) can suggest a movement lower in the market.
