Trading
Candlesticks
By Rainbow Coin  •  December 3, 2018
What have I been busy with? I guess picture says a thousand words.
 
I have been reading up about candlesticks lately. What an art! It can be combined with trend-lines and momentum indicators like Stochastic or MACD to give buy/sell signals.
The chart I marked above did not have inclusion of momentum indicators for the sake of simplicity. Candlesticks are remarkable tool for identifying reversal points. As with any kind of indicator, it cannot be 100% as sometimes the patterns do fail. Nevertheless, possible reversal points can be alerting for us to observe and confirm the price action that follows ...
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By Rainbow Coin
I began exploring the financial world in year 2010, hoping to get out of the rat race and be financially independent. 2010 was the aftermath period of the Lehman crisis when a pretty shaken up market was struggling to recover. On hindsight, that was the perfect time to catch multi-bagger stocks should I be a veteran or at least had some basic knowledge of picking up 'gems'. My learning curve was steep then, as I have absolutely no friends or relative who could shed some light on what's investing about.
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