Question
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Which patterns of the candles should be matched with the indicators?
1 Answer
<p id="isPasted">Candlestick patterns should be matched with indicators to confirm signals, not in isolation, using common technical indicators like moving averages, Relative Strength Index (RSI), and volume analysis. For instance, a bearish engulfing pattern in a downtrend is confirmed by high volume and an RSI in overbought territory to suggest a sell signal. Similarly, a bullish engulfing pattern is reinforced by high volume and a RSI indicating oversold conditions. </p>
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