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Chart Pattern Trading
- Thread starter gb83930
- Start date
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.
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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