Reversal in Eastern Patterns
In addition to the many Western reversal signals, Eastern signals (candlesticks) also signal reversal. Like the Western patterns, candlesticks have the strongest predictive power when appearing at resistance or support and after particularly strong trends. The effectiveness and value of candlestick patterns as tools for finding trend changes were summarized well. Analysis based on candlestick patterns
Enhances an investor’s ability to prepare for trend changes. Being familiar with the psychology behind specific candle formations provides immense advantages. Candle signals can identify a trend reversal in one day. More often, the Candlestick signals can forewarn when a trend is preparing to change.1
The art of candlestick ...
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