About the Author Alan Northcott is a financial writer and his second book “The Complete Guide to Using Candlestick Charting” has just been published. He may be contacted at firstname.lastname@example.org. Understanding candlestick formations By Alan Northcott | November 1, 2009 The candlestick chart has become ubiquitous in many standard charting packages. Chances are you look at them every day. But do you know what they indicate?