Are the intraday candlestick patterns identified by HotCandlestick pretty accurate–meaning, are the delayed signals given, at say 12:58pm PST, consistent with what you would get end of day?
The patterns found in the middle of the trading day are based on the exact same formulas as the end of day candlestick analysis. However, since prices of any given stock can change quickly throughout the day, especially toward the close that means you may or may not end up with a candlestick pattern at the end of the day even though one appeared during the day. Subscribers should follow the charts on our site for a few days to get a better feel for this. The intraday candle is highlighted in green as it forms on an intraday daily (not hour or minute) chart.
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