re: student
Just a GENERAL point and in NO way meant as a criticism of anybody.
The interpretation of candle charts requires more than the identification of possible patterns but must also take into account the lead-up/location etc..ie must considered in overall context.
For example in many shares it is possible to identify numerous dojis but this means little without also considering the lead-up or context eg Is there a trend in lead-up or is it merely trading a range ? was there gaps ? vol , shadow size etc [and not forgetting confirmation etc]
It may sound obvious but you would be surprised how many candle interpreters do not fully grasp the fact that a reversal pattern needs a prior trend in which to reverse [be it a top or bottom reversal etc]...rather than just being located trading within a range.
I truly luv candles [using them over too many years to count lol] and find them esp useful AND so like it when others obviously have a simliar interest.
ADY Price at posting:
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