How to identify correct support and resistance using only candles
Hello sir, Thanks for your videos uploaded on youtube. I am trading in the market from 8 years but still i am confused,
I have a question if you can help me.
1. I want to identify correct support and resistance using only candles
2. I want to know the correct swing low and swing high points
3. In the candles which part is very important , the body or the tails
Last thing if i want to learn from you , please send me the topics which you are going to educate by taking the fees.
and how you will provide the classes, how many classes and how to pay the amount to you.
I am waiting for your reply.
Candle patterns for safe investment
a safe investment is very important.
candlestick patterns are being widely used by traders for making a call.
There are lots of signals in candlestick patterns but the major patterns are mostly used for taking the correct decision.
For the high accuracy rate of candlestick patterns,
traders are being more interested in gathering more knowledge about the patterns.
Candle patterns do not occur at all turning points.
If a candle pattern is seen the first important work is to check for a support/resistance zone.
Bullish patterns occur on support and bearish patterns occur at resistance.
A support or resistance is not denoted by a single line,
it is denoted by a zone.
According to Japanese interpretation,
bullish and bearish patterns are conflicting patterns.
There are almost 40 candlestick patterns available in the market.
But the topmost powerful candlestick patterns are abandoned baby,
three black crows,
two black gapping and three line strike.
These powerful patterns have proven their accuracy and powerful actions after using them.
The accuracy rate of these patterns are higher than most of the regular patterns.
The Doji patterns are known as confusing patterns which states the instability of the market.
With successful pattern predictions,
investing in the Forex market has become safer for the traders.
But many of these patterns are quite similar in looks.
it needs to be interpreted correctly to get the best results.
Also the past candlestick patterns needed to be carefully analyzed to get the accurate interpretation.
Candle patterns have narrowed down the risks of investing and making a decision for the traders.
more people are being encouraged to analyze these patterns and as a result more and more accurate patterns are being invented by traders for safe trading.
The most accurate patterns are mainly zoned patterns rather than line patterns.
How to identify correct support and resistance using only Candles