Candlestick patterns are a great way to gain instant insights into market psychology, but they should be combined with other forms of technical analysis to maximize performance. Investigator’s Technical Analysis Course provides a comprehensive review of basic and advanced technical analysis, chart reading, and technical indicators. With over five hours of on-demand video, exercises, and interactive content, you’ll learn these technical analysis concepts along with risk management strategies and much more.
Candlestick Pattern Reliability
Not all candlestick patterns work equally well. Their huge popularity has lowered reliability because they’ve been deconstructed by hedge funds and their algorithms. These well-funded players rely on lightning-speed execution to trade against retail and traditional fund managers who execute technical analysis strategies found in popular texts. In other words, hedge fund managers use software to trap participants looking for high-odds bullish or bearish outcomes. However, reliable patterns continue to appear, allowing for short- and long-term profit opportunities