Chart Pattern Trading

Discussion in 'Technical Analysis' started by gb83930, Jan 11, 2017.

  1. gb83930

    gb83930 New Member

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    Any candle expert plz correct me if I m wrong..

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  2. vagar11

    vagar11 Well-Known Member

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    Who ever gave these candlesticks patterns a name was very clever I think.

    Lets see, if the price is going to come down. It will do this either by forming a tail(shooting star), next bar red (bearish engulfing), next bar red covering half(cloud ) and a lot more..

    Then, people say look for these patterns at support and resistance. If we are looking for thing at S&R, then why should we even look at these candlestick patterns at all. We should just look at support and resistance, trendlines.
     
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