Comment on Single Candlestick patterns (Part 1)

PRAMOD commented on 31 Oct 2017, 04:22 PM

To confirm that stock is in uptrend or downtrend what period of chart we need to analyze bearish / bullish engulfing pattern for one or two days trade.

Also should volume needs to be more than previous day volume on the day when bearish / bullish engulfing pattern is formed or only more than 10 days average volume is sufficient.

Please confirm which candle stick pattern in combination has higher probability say 70% to assume the trend.

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