The three inside down bearish reversal Japanese candlestick pattern fails to produce profits in the crypto, forex, and stock markets. Using this bearish reversal pattern, a trader can expect to lose $34.60, $5.60, and $0.40 on average per $100 risked. But what if I told you that you could outsmart other traders by trading this …
The three black crows Japanese candlestick pattern works in the stock market but occurs too infrequently in the forex and crypto markets to produce statistically significant results. A trader can expect to gain $6.20 on average per $100 risked using an optimal risk-reward ratio. But what would you think if I told you that there’s a better …
The two crows Japanese candlestick pattern does not work in the stock market, and it occurs too infrequently in the forex and crypto markets to produce statistically significant results. A trader can expect to lose $16.50 on average per $100 risked using a 1:5 risk-reward ratio optimized by profit per bar. But what if I …
Traders using technical analysis attempt to profit from supply and demand imbalances. Technicians use price and volume patterns to identify these potential imbalances to profit from them. Algorithmic chart pattern detection allows a trader to scan more charts while simultaneously eliminating bias. In this post, I’m going to go over how to detect chart patterns …
