محمد الهاشمي73
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A simplified explanation of the confirmation candle
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What is a confirmation candle?
It is a candle that appears after a signal or a technical pattern (such as breaking a level, or a reversal pattern) to confirm the validity of this signal.
- Helps traders make trading decisions with greater confidence.
- Example: If the price breaks a resistance level, a strong confirmation candle appears to prove that the breakout is real and not false.
How is the attached image interpreted?
It is a candle that appears after a signal or a technical pattern (such as breaking a level, or a reversal pattern) to confirm the validity of this signal.
- Helps traders make trading decisions with greater confidence.
- Example: If the price breaks a resistance level, a strong confirmation candle appears to prove that the breakout is real and not false.
How is the attached image interpreted?
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