V. 20:2 (65-69): Candlesticks Vs. Bar Charts by Rudy Teseo
Product Description
Candlesticks Vs. Bar Charts by Rudy Teseo
When you look at your charts, do you understand everything they’re telling you?
Most books and articles on candlestick charting point out that any patterns occurring in bar charts (cup with handle, head and shoulder, triangle, and so forth) are also identifiable in candlestick charts. The reverse is also true: Any pattern that can be identified in candlestick charts can be seen in bar charts (Figure 1). However, traditional technical analysis references do not illustrate nor explain candlestick patterns, although they go into great detail on bar pattern analysis.
When you look at your charts, do you understand everything they’re telling you?
Most books and articles on candlestick charting point out that any patterns occurring in bar charts (cup with handle, head and shoulder, triangle, and so forth) are also identifiable in candlestick charts. The reverse is also true: Any pattern that can be identified in candlestick charts can be seen in bar charts (Figure 1). However, traditional technical analysis references do not illustrate nor explain candlestick patterns, although they go into great detail on bar pattern analysis.
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