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In today’s edition of Learning Technical Analysis, we’ll study a few Japanese Candlestick Patterns.
We’ve already looked at the basics of what candles are. We know that the Open and close form the body of a day’s candle, theHigh, Low are represented by the wicks and the body is filled with a colour that depicts an upmove or downmove.
Japanese candlesticks can then be organized into patterns. Let’s take a look at some of them, with an indication of whether they are bullish, bearish or otherwise.