Reading Candlesticks: More to it Than Patterns!


Not all candles can be part of a formation

It should Diclofenac 75mg be obvious Maxalt to you Lamisil tablets by now Allied first bank that not all candles can be part of a formation. But do these candles mean absolutely nothing? Of course not! You should be looking at a chart like a long novel. The candles are all part of the story, much like chapters if you will. A green candle tells us that the buyers had control over that segment (chapter) of the book. A red tells us the opposite. But there is so much more to candles than that. I attempt to give the insight for new traders to think out side of the box by showing that even if a candle isn’t a picture perfect engulfing, doji, or shooting star candle – the candle is still trying to tell you something. Sometimes it might even be that the market isn’t worth being bothered with, but it all means something.

In order to make sure you understand the concept of reading candlesticks and how they point the way forward, please watch this video: (I suggest that you click the full screen button in the lower right hand corner as the video is recorded in HD.)