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What are candlestick patterns?

There is a method to the madness. The method is in the patterns. The patterns reveal probabilities. And the right probabilities create opportunities. More importantly, the right opportunities can create profits. This is where candlestick patterns come in handy. They help us to decipher the patterns of the market.

How do I avoid overtrading a candlestick pattern?

This is why we also recommend printing out the candlestick patterns cheat sheet to be your guide right on your desk. One of the best ways to prevent overtrading is by using an XABCD Pattern scanner which will take out a lot of the leg work for you.

What is a candlestick chart?

Candlestick charts differ from other chart types, such as line and bar charts, in their visual representation of price data. They display open, high, low, and close prices in a single “candle,” making it easier to identify market trends, reversals, and patterns for informed trading decisions.

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