CANDLESTICK FORMATION: PROVIDES 98.89% ACCURACY FOR TRADES
Here's the secret to candlesticks that will give you high chance of profitability.
Formulating possible candlestick formation before they form is essential to better understanding of the price action of a token. This provides a chance for a trader to further prepare for the possible scenario that can occur. In this way, a trader can have greater positions within the market. First step to doing the candlestick formation reading is, identify the key levels where most of the candlesticks cluster whether they are close to their support or the resistance. Next, understand the reason for this cluster formation as it's crucial to the anticipation of the candlesticks. Most reason for the formation are due to the demand increasing or supplies being loaded. Thus, once the candlesticks in every timeframe is formed for the day, you can identify the high and low price. Most of the candlesticks' formation in minutes or hours timeframe can have 2-3 bearish candlesticks and more bullish candlesticks if they're close to their support and vice versa if they're close to their resistance. As the candlesticks close, you can then formulate that since the bullish candlesticks has been consecutively formed, you can expect bearish candlestick/s to form in order to take the imbalances of the highs and lows of the daily trading range. This is just an example and you can keep on reviewing other candlestick formations within the same timeframe or varying timeframes.
Stay wise, trade cautiously.
