Hello there, I’m just starting with learning the technicals of the market, for a few weeks I learned everything I can of the candlestick charts( by various authors , historical publications ecc ecc) but for the western tecnica charts I found this book tha can be used well in stock market
My question for the veterans of forex is this book and the various charts can be used even for forex and commodities market?
Be cautious applying chart and especially candlestick patterns to forex. Most research into these has centred on share prices in the stock markets. Stock markets of course have a closed session overnight and forex doesn’t. Many well-known candlestick patterns only really work well as signals and trade guides in markets where the instruments have gaps at the open so not good for forex.