DON'T TRADE BEFORE LEARNING THESE 14 CANDLESTICK PATTERNS Quotes

“The candle will be white as long as the price during the succeeding trades is higher than the open.”
― Arulpandi P, DON'T TRADE BEFORE LEARNING THESE 14 CANDLESTICK PATTERNS: These 14 most reliable candlestick patterns provide to traders more than 85% of the trade opportunities emanating from candlesticks trading.

“Hammer pattern is a single-candlestick bullish reversal pattern that occurs at the bottom of a downtrend. The pattern occurs frequently. It is easy to identify also. It shows that sellers are able to bring down the price to a new low but the downtrend could not be sustained any longer as strong buying pressure pushes the price up and the market closes near and mostly above the open.”
― Arulpandi P, DON'T TRADE BEFORE LEARNING THESE 14 CANDLESTICK PATTERNS: These 14 most reliable candlestick patterns provide to traders more than 85% of the trade opportunities emanating from candlesticks trading.

“From the size of the candlestick body, we can gauge the strength of the price direction. The longer the candlestick’s body, the stronger is the price momentum. Long Body indicates heavy trading in the ongoing direction, that is, the session has witnessed strong buying or selling as the case may be. In other words, long body implies heavy commitment by buyers in the case of white candle and by sellers in the case of black candle. That is, a long white candle signifies that the trading session was dominated by bulls and a long black candle signifies that the trading session was dominated by bears. Small body implies that very little buying and selling happened during the session; neither bulls nor bears could move the price as they liked during the session and prices closed at or near to the open. Candlestick with no shadow implies a strong trend in a single direction because all the price changes were upward in the case of white candle and downward in the case of black candle without facing rejection at any point of time during the session.”
― Arulpandi P, DON'T TRADE BEFORE LEARNING THESE 14 CANDLESTICK PATTERNS: These 14 most reliable candlestick patterns provide to traders more than 85% of the trade opportunities emanating from candlesticks trading.

“From the size of the candlestick body, we can gauge the strength of the price direction. The longer the candlestick’s body, the stronger is the price momentum.”
― Arulpandi P, DON'T TRADE BEFORE LEARNING THESE 14 CANDLESTICK PATTERNS: These 14 most reliable candlestick patterns provide to traders more than 85% of the trade opportunities emanating from candlesticks trading.

“Shadow will be long or short depending upon volatility.”
― Arulpandi P, DON'T TRADE BEFORE LEARNING THESE 14 CANDLESTICK PATTERNS: These 14 most reliable candlestick patterns provide to traders more than 85% of the trade opportunities emanating from candlesticks trading.