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What is the Sanzan candlestick?
What is the Sanzan candlestick?
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- In Forex Beginners
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- Lisa
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- 1 year ago
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The Three Mountains consist of two groups, each with three individual shapes of market topping and bottoming formations (see figure 2). These two groups directly correlate to the three level fluctuations theory we have already discussed. Sanzan candlestick also know as the Three Mountains. This pattern is very similar to the Western Head and Shoulders Top. They both consist of the very same price movement characteristics. The Japanese also consider the Double Top and Rounded Top as variations to the Three Mountains group. Source(s): http://daytradeonline.blogspot.com/2006/08/power- finesse-of-candlestick-charting_26.html |
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Similar to a triple top formation, the Sanzan (or three mountains) candlestick pattern has three peaks of all similar height. Source(s): btflive.net |
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Sanzan candlestick is the same as triple top formation but in candlesticks. When the middle mountain is higher than the other two the formation becomes a three Buddha formation which is the alike the head and shoulders formation. |
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Sanzan or Three Mountains is a bearish complex candlestick pattern. Source(s): http://www.chartfilter.com |
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