Simple patterns

Some candlestick patterns are very simple: A single candlestick on a chart can serve as a candlestick pattern. A single candlestick that signifies time to buy or sell is very appealing to traders who are just starting to work with candlestick charts because after you understand the basics of candlestick construction, you can immediately start identifying simple patterns and using them to make more informed trading decisions. Flip to Chapters 5 and 6 for several great examples of how just one candlestick can tell you what a security's price is going to do in the immediate future.

I also consider double-stick candlestick patterns as simple patterns, and you can explore several varieties in Chapters 7 and 8.

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