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Strategies & Market Trends : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?


To: Grantcw who wrote (1283)4/25/1998 9:49:00 PM
From: Broken_Clock  Respond to of 1589
 
Weekly are good too. I like to use weekly sticks for long term support and resistance. It helps to determine break out, breakdowns, etc.

The most imprtant aspect of candles that I usually ignore to my detriment is CONFIRMATION. The changes in direction must be confirmed. Patience is another key ingredient.