Alvexo – Candlestick Trading At Its Best

Candlestick charts are frequently used by traders to examine the price motion of financial instruments. Candlestick charts provide double the amount of data as a regular line chart. They also help you to hunt for specific patterns that give obvious trade signals and analyze price data in a more advanced way.

No successful trader uses just a single piece of information. This doesn’t mean that when you see a doji, the market will immediately change its direction. You use them as an add-on confirmation to a setup or strategy. Candlestick patterns can help in identifying early movement and changes in the market.

Candlesticks can confirm or mark support levels. Such a support level could be formed after an extended decline, or it could be a confirmation of a previous support level. In a trading range, candlesticks can help choose entry points for buying near support and selling near resistance.

Barry Norman

The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was awarded the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.