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Candlestick analysis is best suited for weekly traders.
Since candle stick analysis involves only a short period where only temporary buying and selling take place, volume does not have any major role. But a high volume indicates more strength.
Short Term : weekly & Intraday traders should use candle sticks analysis keeping in mind Volumes Demand & Supply.
weekly traders should use candle stick, volume indicates strength of the particular trend it is used in various candle stick pattern such as piercing and engulfing to authenticate market movement
Weekly traders use candlesticks pattern
Not recommended for intraday trading , as markets do not close on the same day.
Volume not as important as in price patterns.
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>It is for daily or weekly traders</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Volume indicates the strength of price movement, reliability and trend reversal.</p>
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