As explained in the past, I find this is a decent way to measure market reversal with these candlestick patterns. refer to these links
Reliable candlestick patterns for TA-Lib pattern recognition acts as a bullish reversal
How to use moving averages for potential market reversal in algo trading
These are the most common scan which SOME appear to be reliable:
Separating Lines
3 Outside
Marubozu (I will keep tit)
Matching Low
Hammer
Inverted Hammer
I had to remove these patterns as I question the lower reliability potential:
Haramicross
Rickshawman
There is nothing really nothing conclusive but I have filtered it down to 6 patterns that may ‘work’. Apparently these are more reliable and common according to thepatternsite.com.
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!Automated head and shoulders indicator webinar for May 23 at 7 PM EDT
