Ok so when i started with trading I try to learn so much about candlestick patterns but when i started looking at other traders on YouTube and even generally online I hardly see anyone even consider them while trading yeah they might look at color of candle but that's all. Specially those advance candlestick patterns like rising soldiers and all that, I don't even remember anyone even mention them once while trading or in any tutorial. So my question is for trading veterans here do they use it or is it really overrated thing which serve no purpose in real time trading?
Looking at the candles are very important, it tells its strength and weaknesses, a possible signal can also be seen but you should not focus on that alone because in trading one indicator is not enough and maybe that is why many traders are not too focused on that candle sticks, because they are using it to complement the other indicators. Candles alone can tell the possible trend if you are a good trading, again trading is too risky and we should not rely in one signal, we need to confirm it always.
Overall it would really give you the idea on whats the market is been doing or the status even lots been saying that it isnt really that precise but at least you do really have the idea on what you are doing.
Unlike when you are just making out trades without any basis or analysis which it would really be turning out to be pure gambling. Make use of these tools rather than on having pure guess or making
orders without doing anything because it would really be that regretful if you do behave on this way.Its not overrated but rather a useful tool which you could really make use at least
and have the chance on giving out those probabilities on making profits.