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Candlestick Stock Traders are Buying
If you’re going to trade the markets using technical analysis, get acquainted with Japanese candlesticks. Simple bar charts don’t offer as much or as detailed information on price patterns. Nor do they have the history and experience of this centuries-old Japanese method.
Candlestick charting began in the 17th century and was used primarily as a tool to trade rice. Since then it has become the preferred method of chart analysis for most active traders and technical analysts the world over.
We’ll start with a simple pattern that has popped up on a wide array of charts in the last week – a…
15Sep2008 | Oxbury Research | Comments Off | Continued
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