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Candlestick Charting Demystified by Wayne A. Corbitt

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Chapter 6

Sakata’s Strategies and Longer Term Candle Patterns

Sakata’s strategies form the basis for modern-day candle pattern analysis. Understanding these patterns and the psychology behind them can give a trader a better understanding of the psychology, or mood, of the market, which can lead to better trading decisions

CHAPTER OBJECTIVES

In this chapter, you will

• Learn Sakata’s strategies and the psychology that each represents

• Discover how Sakata’s strategies form the basis for previously covered patterns

• Understand longer term candle patterns that can signal longer term reversals

• Combine longer term patterns with shorter term reversal patterns

The number three has been considered a mysterious number with mystical powers dating ...

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