April 2008
Beginner to intermediate
358 pages
11h 48m
English
Content preview from Candlestick Charting For Dummies®
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Chapter 15
Combining Technical Indicators and Bearish-Trending Candlestick Patterns
In This Chapter
Using trendlines in tandem with bearish-trending candlestick patterns
Trading with a combination of moving averages and bearish-trending candlestick patterns
In this chapter, I explore the ways you can use trendlines and moving averages with bearish-trending candlestick patterns to uncover promising trading opportunities. Those two versatile types of technical analysis methods are great for detecting downtrends, and when you pair them with bearish-trending candlestick patterns, it can be much easier for you to pick the best spots for entering short selling trades. And as if that weren’t enough, you can also use that potent combination to determine when it’s time to cover your short position and (hopefully) pocket a profit.
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