follow me om facebook : Candlestick charts and patterns can be used to identify trend reversals , and also selling at highest price. Candlestick charts are very promising and 85% to 90 % correct in absence of any news. News spoils the character of Candlestick patterns and therefore 1Day charts are used to eliminate news impact , especially in swing trading. When used with moving averages Candlestick patterns give excellent results.

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