5INTELLIGENCE BRIEFING: PATTERN IDENTIFICATION AND FILTERING
In Chapters 2 through 4, I covered the basics of candlestick construction, reversal patterns, and continuation patterns. Throughout those chapters, I have shown how to use general rules to identify trends, long candles, short candles, and so on. This chapter will dig deeper into candle pattern recognition, which will eliminate needless speculation or doubt as to whether or not you are truly looking at an uptrend, downtrend, long candle, short candle, and so on. This knowledge will permit you to set up filters to allow for automated recognition of patterns through popular charting software such as MetaStock. Using a computer to recognize candlestick patterns can save a lot of time owing ...
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