markiebitch666
voted
Welcome back, mooers!
Our previous TA Challenge discussion focused on chart types and their purposes. Today, we will delve into candlestick charts—a useful tool for pattern recognition.
First, let's review the structure of a single candlestick. Each candlestick conveys four critical pieces of price data about the stock: The bottom and top of the body indicate the period's start and end price. The color indicates gain ...
Our previous TA Challenge discussion focused on chart types and their purposes. Today, we will delve into candlestick charts—a useful tool for pattern recognition.
First, let's review the structure of a single candlestick. Each candlestick conveys four critical pieces of price data about the stock: The bottom and top of the body indicate the period's start and end price. The color indicates gain ...
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markiebitch666
voted
Basic Principles
Relying solely on visual patterns can be risky for traders. Before we consider trading bullish candlestick patterns, it's important to keep in mind two significant principles:
1. A valid bullish reversal pattern should arise during a downtrend; otherwise, it might indicate a continuation pattern instead.
2. Most bullish reversal patterns require confirmation through a subsequent bullish price rise supported by high trading vo...
Relying solely on visual patterns can be risky for traders. Before we consider trading bullish candlestick patterns, it's important to keep in mind two significant principles:
1. A valid bullish reversal pattern should arise during a downtrend; otherwise, it might indicate a continuation pattern instead.
2. Most bullish reversal patterns require confirmation through a subsequent bullish price rise supported by high trading vo...
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markiebitch666
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Event Description:
This event column is to help mooers learn more about the differences among companies and industries, identify hidden opportunities, and better navigate the market.
"Interest rate is like the gravity of the investment. Price is what you pay and value is what you get. Be fearful when others are greedy and be greedy when others are fearful." — Warren Buffett
Challenge Start >>
Rewards
1) 4,000 Points...
This event column is to help mooers learn more about the differences among companies and industries, identify hidden opportunities, and better navigate the market.
"Interest rate is like the gravity of the investment. Price is what you pay and value is what you get. Be fearful when others are greedy and be greedy when others are fearful." — Warren Buffett
Challenge Start >>
Rewards
1) 4,000 Points...
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