Play With Candle Sticks
- Thread starter kindman
- Start date
Candlesticks pattern provde area/levels of support and resistance, and ways to calculate risk/reward. Theese are little talked about in Beyond Candlesticks. For a practitoner, there is always a lot more than it can be written in a book.
Levels of support/ressistance are percieved as targets by most short-term traders. Pls correct me if I am wrong.
PS: kindman pls reply kindly to members here, some of who r senior to you. I think ur charts r sufficiently informative.
Levels of support/ressistance are percieved as targets by most short-term traders. Pls correct me if I am wrong.
PS: kindman pls reply kindly to members here, some of who r senior to you. I think ur charts r sufficiently informative.
Some reasons :
Candle bodies are getting smaller and smaller for the third successive day.
doji in a uptrend showing indecision.
Global markets yesterday and today are showing signs of exhaustion after a massive rally like our index .
I dont thing there will be a crash but a fall looks imminent.
Tomorrow i will decide whether to go long or short.
Candle bodies are getting smaller and smaller for the third successive day.
doji in a uptrend showing indecision.
Global markets yesterday and today are showing signs of exhaustion after a massive rally like our index .
I dont thing there will be a crash but a fall looks imminent.
Tomorrow i will decide whether to go long or short.
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