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Tagged: candle stick
Weekly trader should use the candle stick analysis for determining the market movement, volume is important since it indicates the more participants.
Candle stick analysis is used by the short term / weekly traders. Since, its a reversal pattern, strong volume conveys the high chance of trend reversal.
candlestick is for weekly basis it is useful for a short term trader and volume is important for Doji, hammer and hanging pattern because volume helps to understand price movements.
Weekly trader can use the candle stick analysis
Candle stick analysis can be used by a short term trader and 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.
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