XAO 0.15% 8,674.1 all ordinaries

I think the best thing you can do is study charts for...

  1. 481 Posts.
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    I think the best thing you can do is study charts for yourself.  Go from chart to chart . Looking for what candlestick pattern makes a share go up.- one that you find it easy to recognize with your own eyes,  in a given context. It is not just the pattern , but the position or context of the pattern. Discovering it for yourself will give you more confidence, rather than putting your trust in what you have been told . And that confidence matters , because even when you make a good decision, you can easily get shaken out of your position. The candlestick patterns are on a micro level , then you need to zoom out , and find what you see on a macro level, that will also give you confidence - like RSI, trendlines , volume , sma etc, try candlestick patterns on bigger time frames , and smaller timeframes.  You can stick with just a few indicators and use them thoroughly , or use a whole smattering of them.  Even when you know bullish patterns , you have to train your eyes and brain to recognize them. It is not easy . It is difficult . Like learning a language . Sounds like you are putting in the effort already . It takes time, and can't really be learnt fast. Just start with one question you that you don't know the answer to , and study the charts to learn the answer to that . Write it down. Then find out the answer to another question you have . That's what I do anyway. It gives me confidence , because the answers are there in the charts. 
 
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8,674.1
Change
12.900(0.15%)
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XAO (ASX) Chart
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