6.1 – Candlestick patterns
The candlesticks are used to identify trading patterns. Patterns, in turn, help the technical analyst set up a trade. The designs are formed by grouping two or more candles in a specific sequence. However, sometimes powerful trading signals can be identified by just a single candlestick pattern.
Let’s learn more about them in this video.
Let us move on to understand single candlestick patterns in the following video.
We recommend reading this chapter on Varsity to learn more and understand the concepts in-depth.
Key takeaways from this chapter
- History tends to repeat itself – we modified this assumption by adding the factor angle.
- Candlestick patterns can be broken down into single and multiple candlestick patterns.
- There are three critical assumptions specific to candlestick patterns.
- Buy strength and sell weakness.
- Be flexible – quantify and verify.
- Look for a prior trend.
Can you remove the end cards and logo from the videos, it entirely covers the slide, which has the most important takeaways from the video
The key takeaways are mentioned in the post itself (see just below the video embed).
Buy strength and sell weakness.
Be flexible – quantify and verify.
what does it mean?
Akshay, please check the comments here – https://zerodha.com/varsity/chapter/introducing-technical-analysis/ have explained this in detail.
Pardon my ignorance, but do the videos and the text series contain the same information? Or do the text series contain some extra information?
The text contains some extra information. But wherever there is extra info to be covered, we have mentioned in the vidoe.
Got it, thanks! So basically if I only watch the videos, I won’t miss anything?
Hopefully, but do check the contents on both platforms.
Will do, thanks a lot!