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Candlestick Charts : An introduction to using candlestick charts by Clive Lambert

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4. Multiple Reversal Patterns

The last chapter walked us through the commonly used single candlestick patterns, and hopefully by now you can look at any candlestick and be able to work out what sequence of events led to its formation as far as the combination of open, high, low and close is concerned.

We will now take things further by looking at combinations of candlesticks that make patterns that are made up of more than one candlestick.

Once again it’s all about the direction of travel that has to occur to form a particular shape or colour of candlestick, and once again it should pretty much make sense if you take this approach. Do you remember how a Shooting Star is formed by an arc shaped direction of travel – gains then weakness? Well, ...

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