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I get this question a lot:

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can I use the candlestick patterns and the candlestick logic to analyze other financial markets?

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Yes, you can.

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Here we have an example on the stock market, the chart is alphabet, that is Google. The time frame

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is 4 hour and the first thing I can notice is that there is a down channel here that I'm going to highlight

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like this.

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Can you spot any candlestick pattern that suggests a trade on this channel?

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There is a very strong bearish engulfing pattern right at the top of the down channel.

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This is a very good signal to enter a short position and you can see that the action that follows confirms

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our idea.

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We have a strong bearish candle that confirms that sellers are strong

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and then another red candle, with buyers that start to appear,

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that's why we have this lower shadow.

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So can you apply the concepts in this course to other financial markets, like the stock market for

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example?

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Yes, you can, but make sure to study the main features of the market that you're going to trade.

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For example, the stock market has much more gaps compared to the forex market.

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You can see an important gap here and others along the way.

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So you can use the candlesticks to analyze any other financial market, but make sure that you understand

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the market that you are trading.