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Advanced Candlestick Pattern Analysis

Whilst the simplest candlestick patterns can be successfully recognized by virtually any trader regardless of experience, there are some more advanced patterns which require a bit more skill to successfully identify and often these patterns can lead to excellent profits when interpreted correctly. Often these patterns can contain three or more candlesticks and they must contain very specific characteristics in order to work correctly.

Advanced Techniques in Candlestick Patterns

Candlestick patterns have been used for hundreds of years to predict and plan things from rice demand in Japan to financial securities in the Western world. Due to its longevity in the world of business and finance, candlestick patterns are often one of the first things that traders learn to utilize. However, a basic knowledge of these formations may not be enough for many traders to use them to bring about successful results.

Bearish and Bullish Harami Patterns

Both the bullish and bearish harami candlestick patterns are amongst the most consistent and most popular signals available to the trader. They tend to appear towards the end of an uptrend or downtrend and suggest that the next market movement will be in the opposite direction. They are simple to recognize and occur fairly frequently which makes them particularly popular with novice traders.

Basic Range Trading With Bollinger Bands

Range trading is a basic technique used by novice traders and experts traders alike. The principles behind this technique rely on the price of a security moving back and forth within a certain price range.

Fibonacci Price Projections – Correct Determination and Application

Learn how to apply Fibonacci price projections in your trading activity. This information enables you to predict highly probable market reversal points in advance.

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