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What is a Sanpo candlestick?
What is a Sanpo candlestick?
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- In Forex Beginners
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- Lisa
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- 1 year ago
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Sanpo also known as falling three methods. It is a bearish complex candlestick pattern with high reliability. It suggest that retracements are in order before the market will reach new level. |
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A candlestick combination that advises that retracements are in order before the market will reach new highs and new lows. Source(s): http://www.fxanswer.com/answer.php? action=reply&title=What-is-a-Sanpo-candlestick |
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Therefore this pattern is to indicate whether a trader should "pause" during the trend (a short term consolidation will occur with a direction opposite to that of the major trend). Bullish Formation is called the rising three methods and the bearish formation is called the falling three methods. (see complex candlestick patterns) Source(s): btflive.net |
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Therefore this pattern is to indicate whether a trader should "pause" during the trend (a short term consolidation will occur with a direction opposite to that of the major trend). Bullish Formation is called the rising three methods and the bearish formation is called the falling three methods. (see complex candlestick patterns) Source(s): btflive.net |
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Therefore this pattern is to indicate whether a trader should "pause" during the trend (a short term consolidation will occur with a direction opposite to that of the major trend). Bullish Formation is called the rising three methods and the bearish formation is called the falling three methods. (see complex candlestick patterns) Source(s): btflive.net |
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Reliability Rating: high The idea behind the sanpo pattern is that no price movement moves straight up or down, there always exists some retracement before the movement makes a new high or low. Therefore this pattern is to indicate whether a trader should "pause" during the trend (a short term consolidation will occur with a direction opposite to that of the major trend). |
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Bearish Sanpo (falling three methods) is a bearish complex candlestick pattern Source(s): http://www.chartfilter.com
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A candlestick combination that advises that retracements are in order before the market will reach new highs and new lows. |
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