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THE CANDLE STICK PATTERNS SECRETS
Candle Stick patterns is another powerful tool that Pro traders use:
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It provides indication of price turning points.
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Can be used as an entry trigger.
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Can be used also as Profit Exit signal for trades.
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Can be used for SL placement as well.
What are candle stick patterns?
Candle Stick patterns are forms that candles take in response to the pressure of buying and selling, these forms can be used to get live and current
insights of what's going on in the market:
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Who hold more power buyers or sellers?
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And also whether the buyers and sellers hold equal power.
The candle stick patterns Indication would be always a price rejection:
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If the price is going up and at the top it forms a candle stick pattern, trades read that a weakness and take no more buy trades.
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If the price is going down and at the bottom of the price forms a candle stick pattern, trades read that as a weakness and take no more sell trades.
lets take look at some examples:
Candle Stick patterns are easy to be identified on the chart, once you get familiar with all of them.
But They are so many types, and Pro Traders Usually Use Algorithms to help them detect and find these patterns with high precision.
With this Algorithm you don't even need to learn any of them The Candle Stick patterns Finder will Detect up to 20 different types of patterns and highlight them with Arrows and names of the patterns on the chart, Not only that but it will deliver an Alert to both your computer terminal and your phone as a notification.
Benefits:
Using this indicator you will be able to:
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Quickly and easily identify the candle stick patterns, on the chart.
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The indicator will show, define and highlight the candle stick patterns on the chart.
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Get Alerted when the candle stick pattern is detected.
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The alert can be sound alert to the MT4/MT5 terminal as well as a phone notification to your phone.
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