Comment on Getting Started with Candlesticks

Karthik Rangappa commented on 22 Dec 2014, 04:39 AM

This means, whenever you are looking at candlestick pattern don’t always look for textbook definition of candlestick patterns. Textbook definitions are good, but need not always be true in real markets. For example a bullish marubuzo is defined by 0pen = low & High = Close. This means there is no upper or lower shadows. However in real mkts you could have a small shadow and you should still be flexible to identify it as a bullish marubuzo. This is what I mean by ‘be flexible’. However you also need to quantify what you are being flexible with.

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