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.
Some of the best technical analysis signals are based on specific Japanese candlesticks or a combination of them. This is the third article where we talk about such patterns. For the sake of completeness, I'll tell you about a few more useful candlestick combinations.
So, let's talk again about the main patterns that will help you determine further price behavior with high accuracy. In the last article, we learned about the main reversal signals - Dojis and Stars. Let's take a look at a few more.
Traders use technical analysis to most accurately predict the future market behavior. In the process, we use price levels, figures on charts, candlestick patterns. Today we’ll talk about the last one on the list.
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