Price action and candlesticks are a powerful trading concept and even research has confirmed that some candlestick patterns have a high predictive value and can produce positive returns Candlesticks patterns are based on candlestick charts and are recurring chart patterns that consist of only a few candlestick, usually in the region of one to four candlesticks. Because candlesticks give an indication of strength and weakness of the current price movement, the candlestick patterns tend provide clearer indications of the probability of a possible trend reversals than any of the other chart types

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