Can a Machine Learning Model Predict the SP500 by Looking at Candlesticks?

Candlestick chart patterns are one of the most widely known techniques that claim to “predict” the market direction inside technical analysis circles. The development of this technique goes back to 18th century Japan, and it’s attributed to a Japanese rice trader. It consists of finding patterns based on charts made of the above figure with prices over a period of time. There are many patterns, old and new, available on the internet....

January 27, 2010 · 7 min · Mario Filho