Today we'll talk about the Wedge. Visually, the figure resembles a triangle. However, this pattern produces clearer signals. During the formation of the triangle, you have to wait for the breakout of one of the triangle sides in order to determine the further price movement. The wedge gives a clear reversal signal.
Back to the basics of technical analysis - reading and understanding Japanese candlesticks. To have a complete idea about the topic, make sure to read our previous article. Today we will take a closer look at the psychology of the market itself. You will learn to understand the general sentiment of traders using candlesticks. This will help make more accurate predictions about future price behavior.
Earlier in our blog, we talked about the structure of Japanese candlesticks and the main candlestick patterns. Unfortunately, learning a few patterns might not be enough for a high-quality technical analysis. To understand and correctly predict further market behavior, you need to figure out how to analyze the Japanese candlesticks. Let's get down to it.
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