Candlestick patterns can reveal a great deal about the underlying psychological state of market players and are particularly useful when analyzed on the weekly timeframe. Since the most serious and professional traders consider the weekly timeframe as their main time window and because we have definite ‘open’ and ‘close’ prices for the trading week – unlike lower timeframes – monitoring the developing candlestick patterns on this timeframe is of great value to anyone interested in market analysis.

 

Every Sunday our WCA pack is published and we encourage our subscribers to blend it with our ‘COT Report Analysis’ which also focuses on the sentiment analysis.