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Tagged: candle stick
Who should use candle stick analysis? What is the role of volume in candlestick analysis?
Weekly trader can use the candle stick analysis and the significant volume change plays a role in candlestick analysis, since there are reversal patterns.
Candle stick analysis can be used by a position trader. Candle stick being a reversal pattern, Volume plays a key role in deciding the direction of the movement, we can confirm the reversal movement if and only there is a huge volume of stocks are traded.
Candlesticks are used for a short term trader and it usually shows the reversal pattern. Volume with candlestick is very effective and confirms the movement direction
candlesticks should be used by weekly traders. volume plays an important role as higher the volume will confirm more participants and more stronger the moves.
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