Trading_Elements

Candle Stick Patterns

Education
TVC:DXY   U.S. Dollar Currency Index
Candle stick patterns can give us an indication that the market will reverse or continue. These patterns often form at the high's or low's of the market and can be found on all timeframes. Candle stick patterns are only 1 part of all the elements needed for a high probability trade but an important one for me because once the candle has closed it is a confirmed indication that buyers or sellers which ever it may be are stepping in. Now we are using facts to build a trade execution plan, not hopes and beliefs. Candle stick patterns are a pretty basic but often overlooked & when in line with other confluences have a high probability of playing out.

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