What is candle stick analysis? its evaluation and it real time application?
The daily candlestick line contains the market’s open, high, low and close of a specific day. Now this is where the system takes on a whole new look: the candlestick has a wide part, which is called the “real body”. This real body represents the range between the open and close of that day’s trading.
What is the general forecasting duration using candlestick analysis?
Candlestick analysis is very effective for a weekly forecasting and it is very useful tool for the positional traders.
Who should we use candle stick analysis? What is the role of volume in candlestick analysis?
Most technical analysis programs use candlesticks as the default mode of charting. Used correctly, candlesticks can give a signal in advance of much other market action. They can be a leading indicator of market activity.
What is engulfing pattern? What are its conditions to qualify? When to buy and sell?
The engulfing candlestick patterns, bullish or bearish are one of the easiest of candlestick reversal patterns to identify. Because these candlestick patterns are two-candlestick patterns, they are more valid and are often looked upon as reversal patterns. As with any candlestick pattern, the bullish or bearish engulfing pattern takes more priority depending on the time frame that they are formed on.
What is piercing pattern? What are its conditions to qualify? When to buy and sell?
Piercing Pattern is a reversal candlestick pattern which is bullish in nature and appears at the end of a down trend. It is a complex pattern made of two candlelines. The first candle is bearish in nature and the second is bullish in nature.
