The dizzying array of possible candlestick patterns can often lead to “paralysis by analysis”. If you can limit the candlestick patterns to just a few of the very best, you can take trades with more confidence and avoid overtrading.
and avoid overtradingJapanese candlesticks are just a way of graphically representing fluctuations in price over time.
Each candlestick is drawn using its open, high, low, and closing prices. The area between the open and close is filled out horizontally with solid color and called the “real body”. When the close is higher than the open, the candlestick is colored a bullish color . When the close is lower than the open, the candlestick is colored a bearish color .
because it is easy to try too hard to spot them and start finding them everywhere, which can lead to overtradinglook at the candlestick patterns which really jump out at your eyes
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