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Binary Options Strategy: Candlesticks Patterns

In technical analysis, a Candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement. The recognition of the pattern is subjective and programs that are used for charting have to rely on predefined rules to match the pattern. There are 42 recognised patterns that can be split into simple and complex patterns.
Little or no statistical validation of these patterns has been published. What analysis has been done suggests they are no better than chance at predicting stock or commodity movement.


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