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December 6, 2019
A Month of Candlestick and Chart Patterns
Technical Analysis began in Japan with candlestick charting and still works today. This is due to the consistency of human emotion, the very thing charts are visualizing for us. Recognizing the psychology of a candlestick and pattern formations are crucial to catching a breakout, seeing a reversal at the beginning of a breakdown and other key information. This month I will be going over various candlestick and chart patterns, what they indicate and how to spot them.
My recommendation is to keep visuals of candlestick and chart patterns at your desk. In time, you'll find yourself automatically spotting them when scanning a chart.