ISLAMIC FOREX BROKER,BEST FOREX BROKER IN UK,NO DEPOSIT FOREX BROKER,FOREX BROKERS WITH BONUS,TOP FOREX BROKER IN THE WORLD Price, Our Best Indicator-Section 4: Important Candlestick Considerations ISLAMIC FOREX BROKER,BEST FOREX BROKER IN UK,NO DEPOSIT FOREX BROKER,FOREX BROKERS WITH BONUS,TOP FOREX BROKER IN THE WORLD Section 4: Important Candlestick Considerations When taking into consideration the candlesticks that form these last three patterns (piercing, engulfing and stars), you will realize that they form an important candlestick. If we take the open price of the first candlestick, the closing price of the last candlestick of the pattern and the high/low of the entire pattern, we will arrive at an interesting conclusion. [Image 1] They all make either a hammer or a shooting star. The point here is that what we are really looking for is the price behavior, not the patterns itself. We are interested in price action, or more precisely, how do bears and bulls react at certain levels and when do they feel more comfortable entering the market. And this is exactly what candlesticks show us, the psychology behind any price movement, who is winning and more importantly who is more likely to win, so we can take our part in the […]
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