Is there any way of quantifying the candlestick OHLC patterns? There are lots of patterns such as morning star, evening star and so on, but I have not found any statistics on how often these work out and if they do, when to enter into a trade.

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    $\begingroup$ Most financial economists will tell you that financial markets are way too efficient for OHLC data to be predictive of future returns. But practitioners may disagree. A somewhat dated paper which is positive about technical analysis is Lo et al. (2000). Murray et al. (2021) offer a more recent take on the question. $\endgroup$
    – Kevin
    Aug 19 at 20:56

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