There are really 16 major Candlestick patterns that need to be mastered. The Japanese Candlestick trading signals consist of approximately 40 reversal and continuation patterns. All have credible probabilities of indicating correct future direction of a price move. The definition of "major" patterns has two functions. Major in the sense that they occur in price movements often enough to be beneficial in producing a ready supply of profitable trades as well as clearly indicating price reversals with strength enough to warrant placing trades.
Utilizing just the major Japanese Candlesticks trading signals will provide more than enough trade situations for most investors. They are the signals that investors should contribute most of their time and effort. However, this does not mean that the remaining patterns should not be considered. Those signals are extremely effective for producing profits. Reality demonstrates that some of them occur very rarely. Other formations, although they reveal high potential reversals, may not be considered as strong a signal as the major signals.
Learn about major 16 Candle Stick patterns out of 40.
Credible probabilities of indicating correct future direction of a price move via Candle Stick Patterns
How utilizing just the major Japanese Candlesticks trading signals will provide more than enough trade situations for most investors?
Who should attend?Beginners and Intermediate level trading professionals.
Investing.com is a global financial portal and internet brand composed of 27 editions in 21 languages and mobile apps for Android and iOS that provide news, analysis, streaming quotes and charts, technical data and financial tools about the global financial markets. Each edition covers a broad ...