Look Who it Was Random video

📊 Candlestick Chart Analysis: candlestick pattern recognition, candles for candlesticks explained

2,658 views · Published 3 May 2018 · 11:05 · Indexed 14 November 2026

Channel: BO Turbo Trader · 2018 · Education

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Indicators: 
EMA 3     (blue)
EMA 20   (yellow)
EMA 50   (orange)
EMA 100 (red)
EMA 200 (purple)

Bollinger Band Period 20 Deviation 2 (green)
Bollinger Band Period 20 Deviation 1 (white)

The candlestick pattern recognition indicator tests for any of 41 candlestick patterns of interest. In order to create a candlestick chart, you must have a data set that contains of the long shadow and preceding price action determine the classification. Candlestick charts are a technical tool that pack data for multiple time frames into single price bars. 

Recognition: A two candle pattern, the body of the first candle is black and the body of the second candle is white.  There are many candlestick patterns but only a few are actually worth knowing. Here are 10 candlestick patterns worth looking for.  Candlestick pattern recognition software is an invaluable tool to take advantage of if you are new to the stock market and/or to candlesticks. 

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