Although literally thousands of technical analysis strategies exist, we avidly believe in applying the K.I.S.S. principle to trading. Why? The more complex the trading system, the greater the risk of human error while following the system. However, there are easy ways to improve your existing trading strategy without complicating it. Continue reading to find out why candlestick patterns are an excellent tool to improve your trading success in a simple way. Candlestick Patterns For Confirmation Like other types of stock charts, a candlestick chart displays the high, low, opening and closing prices of a stock for a specific time period. However, candlestick patterns give valuable clues about the short-term momentum of a stock that are not as easily derived by traditional line or bar charts. As such, candlestick chart patterns are excellent for confirming any type of pattern you nor...
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