In Candlestick Patterns
Candle stick Pattern
The Candlestick Patterns Made Simple: Learn, Identify and Trade with Confidence
Introduction to Candlestick Formation
- Patterns of Reversal (Doji, Hammer, Shooting Star)
- Continuation Patterns (Marubozu, Spinning Tops)
- Dual/ Triple Patterns (Engulfing, Harami, Morning Star, Evening Star)
- How Candlestick Indicates Psychology of a Market
The candlestick patterns are one of the finest and most commonly utilised technical analysis tools. They display the psychological war that exists in the market as a graphical representation. Initially, the candlestick charts might look complicated, having the excessive amount of shapes, patterns, and terminologies. However, knowing the basics, candlestick charts are a valuable tool to help in decision-making and to spot the lucrative business opportunity.
The Major Candlestick Pattern Lessons
- The four basic values: Open, High, Low and Close prices are used to construct it.
- Assist in determining whether the market is dominated by the Bulls (buyers) or the Bears (sellers).
- Display distinct indications of trend reversal, continuation or consolidation.
- Close the gap between chart movements and market psychology.
- Easy to use, available in any market (stocks, forex, crypto, commodities).
Common Patterns of CSR
- Patterns of Reversals: Doji, Hammer, Shooting Star
- Patterns of Continuation: Marubozu, Spinning Tops
- Complex Patterns: Engulfing, Harami, Morning Star, Evening Star
Candlestick analysis is applicable in any market and time. They are used by day traders to make quick decisions in minutes, whereas swing traders and investors use them to make larger day or week-long trends. Simplicity is another significant benefit because candlestick patterns are recognized visually, and technical indicators are associated with extensive calculations. As you apply it, candlesticks will assist you in filtering the noise in the market, identify high-probability trade patterns, and trade without hesitation.
The course, Candlestick Patterns Made Simple: Learn, Identify and Trade Confidently is structured in such a way that the process is presented in steps. The first part will be the introduction to the fundamentals, followed by the discovery of single and multiple candlestick patterns, and lastly how to put this to practice in the actual markets. The project will not only introduce you to the concept of candlestick signals but will also provide you with the psychology behind candlestick signals allowing you to make better and more confident trading decisions.
Gurugram, sector -23/A