The psychology behind candlestick patterns (Reversal and Continuation Patterns) and how should one approach them. Candlestick charts are the most popular and widely used form of charting used by modern traders. Unlike line or bar-charts, each individual candle in the charts tells a story of their own in the context of overall price movement and trend. And often a single candle or a combination of 2-3 candles successfully indicate trend reversals or reinforces the trust in the ongoing up or downtrend. This webinar combines the concept of price action with candlestick patterns so that a user is able to distinguish and guess the situations when a candlestick pattern may work successfully and when one should ignore certain patterns.
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• Understanding Candlesticks.
• Spotting Candlestick Patterns.
• Differentiating between Reversal and Continuation Patterns.
• Understanding when are they reliable and when they are not.
What You Will Learn?
• Understanding the stock price behaviour
• Categorising when to be Bullish or Bearish
• When to Trade and when not to Trade
• How to Trade Reversals and How to Trade Continuation patterns
Mr.Piyush Chaudhry- Founder of Wave Analytics
About the Mentor
Mr.Piyush Chaudhry is a founder of Wave Analytics, a firm that aims to be a pioneer in practising objective and scientific forms of analysis with defined parameters that generate consistently higher grade payoffs through superlative accuracy rates, shunning all and any form of randomness, with that being the underlying objective, they currently focus on Elliott Wave Analysis for both Short Term price movements as well as Long Term price trends and end-to-end Automated Trading Algorithms that work with zero human intervention. With an MBA in Finance and a work-ex of 17 Years in Stock Markets, Mr Chaudhry has seen several market cycles and is well-equipped to deal with the finer nuances of the Markets.