Wednesday, February 16, 2011

Candle Formation is Truly Fascinating For Me in My Trading

Candles Reveal Psychology between Bulls and Bears (MarketBeat and TraderPlanet)

Do the terms, "dark cloud cover, gravestone doji, or morning star" sound like something out of a science fiction movie? To seasoned "candle" readers, these terms actually identify key candlestick charting formations that have been used for hundreds of years in Japan, developed initially by those trading the rice markets there. In recent years, western technicians have come to appreciate the subtleties and additional insights that this unique visual display of price action reveals about underlying market forces.


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