In technical analysis, a candlestick pattern is a
movement in prices shown graphically on a
candlestick chart that some believe can predict a
particular market movement. The recognition of the
pattern is subjective and programs that are used for
charting have to rely on predefined rules to match the
pattern. There are 42 recognized patterns that can be
split into simple and complex patterns.
movement in prices shown graphically on a
candlestick chart that some believe can predict a
particular market movement. The recognition of the
pattern is subjective and programs that are used for
charting have to rely on predefined rules to match the
pattern. There are 42 recognized patterns that can be
split into simple and complex patterns.
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