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Understanding Support, Candlestick, and River in Technical Analysis

In the world of trading, technical analysis is an important method for predicting price movements. Three elements that are often encountered are Support, Candlestick, and in certain contexts, River.

Support is a price level where buying pressure is expected to be strong enough to stop further price declines. It's like a "floor" on the price chart.

Candlestick is a type of price chart that displays the opening, closing, highest, and lowest prices over a certain time period. The patterns formed by candlesticks help traders identify market sentiment and potential price direction.

Meanwhile, River is not a standard term in general technical analysis. This word is sometimes used visually to describe a set of indicators (such as moving averages) that form a band on the chart, or refer to concepts in less common analytical methods like Gann analysis.

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