Why do candlestick patterns work? Learn to trade price action

Why do candlestick patterns work? Learn to trade price action

22 March 2016, 22:16
Francis Dogbe
0
80
Price action and candlesticks are a powerful trading concept and even research has confirmed that some candlestick patterns have a high predictive value and can produce positive returns. Especially interesting is a research paper by Gaginalp and Laurent in which they showed that the candlestick patterns: Three White Soldiers, Three Black Crows and Three Inside Up have a significant short-term prediction value for the course of price. 1 Their research showed that those patterns are predictive about 75% of the time for most of ... READ MORE
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