Chart Pattern Trading

vagar11

Well-Known Member
#2
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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