James16 on this forum advocates using reversal bars. However, for me they are
hard as hell to pick them off a chart esp. while the market is moving and if you are monitoring multiple charts at the same time. I like candlesticks better and have read that a hammer and hanging man are reversal candlesticks. Do these two indicators give as good of a signal of a possible reversal as a reversal bar?
If not, what are the best candlesticks that indicate a likely reversal?
hard as hell to pick them off a chart esp. while the market is moving and if you are monitoring multiple charts at the same time. I like candlesticks better and have read that a hammer and hanging man are reversal candlesticks. Do these two indicators give as good of a signal of a possible reversal as a reversal bar?
If not, what are the best candlesticks that indicate a likely reversal?