Major Candlestick Patterns Appear Frequently

Traders should understand a lot about candlesticks, because candlesticks are a reflection of the shape of the market movement where supply and demand are depicted. So the occurrence of candlesticks goes up or down, bullish or bearish because there is demand and supply. The more demand, the thicker the candle volume will be. Conversely, when the volume of the candle is formed smaller then there will be resistance or there will be a rejection from the opposite market. Candlesticks have many candle patterns that traders must understand to gain opportunities to take profit. The candlestick pattern will have an impact on subsequent movements whether it will be a continuation, sideways or reversal. However, traders do not have to memorize all existing candlestick patterns because it will make traders confused. There are several main candles that often appear, namely Doji, engulfing, hammer, marubozu and harrami. Watch the video below for more clear and detailed information!




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