Candlestick charts
traders and investors less commonly use candlestick charts because I can see that would be more complicated
and cumbersome than is there are more than one hundred and fifty candlestick signals in patterns showing
a level of complexity and sophistication that most traders do not consider worth learning however candlestick
charts are gaining popularity as educational material.
On the topic he's becoming increasingly available.
Education is power candlestick charts are similar to the bar charts as they both display the complete
trading range by showing the full import and price finds open high low and close in trading.
The candlestick chart displays the four important price values of a specific timeframe.
One minute five minutes ten minutes 30 minutes.
The weekly or monthly.
The main difference between bartók and Kemsley chart is in the body of the chart after drawing the vertical
line and the red zone and dashes to connect the high with the low end the open with the Closed.
Just like the park chock a box is formed.
The box called the body of the candle.
If the closing price is high here then the opening price the color of the candle is green.
If the closing price is lower than the open price the color of the candle is red.
The vertical line appealing about the body is called up or shadow.
The vertical line appearing below the body is called lower shadow.
The body and the shadows form what we call candlestick charts or simply candles the size and the color
of the body and the length of the shadows are very important information regarding the current market
direction possible market reversals and the strength of future price movements candlestick charts can
be used as a tool to benefit from a reversal in continuation patterns during uptrend upturns known as
bullish markets as well as during dampens known as bearish markets
we will discuss in greater detail the importance of such information in Folarin lessons.