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Monday, March 30, 2009

Candlesticks For Support And Resistance (1)

Candlestick charts, much like the bar chart equivalent, utilize the open, high, low and close are the same is commonly referred to as a doji session and is represented by a single horizontal line at that price. Although they have only recently become popular in the Western Hemisphere, Japanese traders have been using the candlestick charting technique for hundreds of years. I realized the real bodies used in candlestick charting can be done. By watching the markets, I noticed something interesting about candlestick charts, which I use extensively. Observation is the best friend of the technical analyst.

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