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HEIKIN - Average, ASHI - Pace
Heikin Ashi pattern represents the average pace of the prices. These patterns are useful for getting an idea of the price trend.
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198 reads
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The regular candlestick patterns have no correlation between two consecutive candles.
However, a Heikin Ashi bar is based on the previous day's low, high, open and closing prices. The bar starts from the middle of the previous day's candle.
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146 reads
The Heikin Ashi candles do not show true prices. Use it as an indicator to understand the market trend
Don't use this pattern for scalping strategies.
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116 reads
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Patterns are separated into bullish & bearish. Bullish patterns indicate that the price is likely to rise, while bearish patterns indicate that the price is likely to fall. No pattern works all the time, as candlestick patterns represent tendencies in price movem...
A pattern is a consistent repetition of any of the elements of art or any combination of it.
Some classic patterns are spirals, grids, weaves.
Pirsig then divides static quality into inorganic, biological, social, and intellectual patterns, in ascending order of morality (based on evolutionary order):
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