How reliable is technical analysis and candle reading, and which chart is best closer to accuracy
1/24/2024 01:40pm
Technical analysis and candle reading are reliable methods for analyzing price direction, previous price movements, and trader sentiments. Candlestick charts are more visual and offer a deeper understanding of price data. They are best used on a daily basis to capture a full day's worth of news, data, and price action. However, it's important to remember that technical analysis and candle reading are not foolproof and should be used in conjunction with other forms of analysis.