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    The Candlestick Course Steve Nison - Part18

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    Jagannath Sahu

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    © All Rights Reserved
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    The Candlestick Course Steve Nison - Part18

    Uploaded by

    Jagannath Sahu
    75 views1 page

    Original Title

    the-candlestick-course-steve-nison_Part18

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    Copyright:

    © All Rights Reserved
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    75 views1 page

    The Candlestick Course Steve Nison - Part18

    Uploaded by

    Jagannath Sahu

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Download as pdf
    of 1
    The Essentials 3 * a Candlestick charts can be used for which markets? a, Japanese stock market », U.S. stock market ¢. Futures markets a All of the above What time frames camnot be used to construct a candle chart? a. Daily b. Weekly ¢. Five-sminute chart 4. Tick chart A limitation of eandle charts ts that a. they only work with daily or longer-term charts. », they can't be merged with Westem tachnical analysis, . they need a close to confirm a candle signal. 4. they only work with stocks, Another limitation of candle charts ts that they don't give reversal signals b, don't give price targets. ¢. can only be used on dally charts. 4. can only be used on equities. Why can you use Wester technical analysis techniques on a candle chart? a, Bocause candlestick charts and Western technical analysis evolved at the same time. », Because they both have closing prices, ¢, You can't use Western technical analysis on candle charts. 4, Bocause candlestick charts and bar charts use the same data. Before placing a trade based on a candle signal, one should a. consider the welght of other technical signals, b. consider the risk/reward of the trade. ¢, always look at a S-minute chart 4, Both (a) and (b).

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