This sounds a simple question, but it is not indeed. There are a lot of trading methods claim working. Nevertheless, I wonder in general what logic these methods based on in predicting price movement.
Can anyone give me a good answer?
Thanks
I have been pointing pin bar candlestick formation as the most accurate signal of market reversal. It might be very difficult for some people to identify that but if you can trained your eyes to point that out on a daily chart as a long-terms traders or 30 minutes chart as a day trader you have had gold in your hand! We have many strategies out there but candlestick formation has printed the best trading information or price action to me.