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Important to note is that with candlesticks a reversal pattern does not necessarily suggest a complete reversal in trend, but merely a change or pause... -
And because the vast majority of Candlesticks formations take one to three time periods, they give traders more of a real time picture of market sent...Leave a comment:
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Reversal patterns in western analysis often take many periods to form. On the other hand Candlestick interpretations concentrate much more on understanding...Leave a comment:
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Those formations often don’t give much insight into what the market is thinking, they simply represent common patterns found in price action that...Leave a comment:
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We call these candle formations Reversal Patterns.There are a number reversal patterns in western technical analysis, such as Head & Shoulders and...Leave a comment:
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Because candlesticks give insight into what the market is thinking, one of the most useful aspects of candlestick analysis is its ability to suggest changes...Leave a comment:
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... One of the most significant goals of technical analysis is to identify changes in direction of price action.............Leave a comment:
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Many of these candlestick names have eccentric names like Morning Star, Dark Cloud Cover or Engulfing Pattern that are based translations of their Japanese...Leave a comment:
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A candlestick alone does not give much information useful to determining market sentiment. Market professionals do however look for specific patterns...Leave a comment:
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.........Outside of the trading pit, Technical Analysis is really the only way to gauge market emotion...........
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