Comment on Single Candlestick patterns (Part 1)

Karthik Rangappa commented on 17 Mar 2015, 04:33 AM

Couple of things –

1) The closing and high data seems ok

2) The Opening and low data are not really equal (even after accommodating for the be flexible, quantify, and verify rule)

3) But from the general description of the candle, it seems that the stock is bullish, hence conducive for a long trade

4) However my worry would be on the SL placement. Since the range is large, keeping a meaningful SL would be very difficult.

Good luck.

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