Japanese candlestick chart can recognise some pattern to detect market direction. Works better on longer time frame eg D1(daily chart), W1(weekly chart), Y1(yearly chart) but there is no 100% accuracy.If there is 100% accuracy, I already a billionaires.Trading is based on probability, risk reward and money management.
More details on the link below
http://www.onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/Harami.html
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:candlestick_pattern
Lazy to read? watch youtube video
http://www.youtube.com/watch?v=nggV_iX7JP8&feature=fvsr
http://www.youtube.com/watch?v=jMmUV8JBLsg&feature=related
My objective is to enable you to learn trading technical analysis free of charge using free internet media
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