Candlestick Patterns & Analysis for Beginners
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Candlestick Patterns & Analysis for Beginners
Day 1: Introduction To Candlestick Charts And Terminology
Understanding candlestick charts: open, close, high, low
Bullish and bearish candles
Anatomy of a candlestick: body, wick, and shadow
Different types of candlestick patterns: reversal, continuation, and indecision
Day 2: Single Candlestick Patterns
Doji: significance and variations (long-legged, gravestone, dragonfly)
Hammer and hanging man: characteristics and interpretation
Shooting star and inverted hammer: identification and analysis
Day 3: Bullish Reversal Patterns
Engulfing patterns: bullish and bearish engulfing
Piercing pattern: recognition and confirmation
Morning star: components and confirmation signals
Day 4: Bearish Reversal Patterns
Dark cloud cover: identification and implications
Evening star: formation and significance
Three black crows: characteristics and interpretation
Day 5: Continuation Patterns
Doji Continuation Candlestics Pattern
Spinning Top Continuation Candlestics Pattern
RisingThree and Falling Three Continuation Candlestics Pattern
Rising and FallingWindow Continuation Candlestics Pattern
Day 6: Pattern Confirmation And Entry/Exit Strategies And Advanced Concepts
Identifying trend reversals using candlestick patterns
Understanding candlestick patterns in conjunction with other technical indicators
Determining entry and exit points based on candlestick signals
Day 7: Practical Applications And Case Studies
Real-world examples of candlestick patterns in different markets
Developing a trading plan using candlestick analysis
Practical tips and pitfalls to avoid
