Why Context Is More Important Than Specific Price Action Signals
Candlestick pattern recognition is not the primary aspect of price action trading. Traders can make better selections if they have a better understanding of the market background, trend strength, support and resistance, and activity around important levels.
Developing Testable Technical Concepts: From Price Patterns to Trading Rules
Discover how traders may translate price-action observations into precise trading rules, test them using historical data, and determine the true trading value of a market pattern.