- This topic has 261 replies, 255 voices, and was last updated 2 years, 7 months ago by
.
-
Posts
-
Candlestick analysis used to analyse price movement. Helps for Weekly and Intraday Traders.
A chart that displays the high, low, opening and closing prices for a security for a single day. The wide part of the candlestick is called the “real body” and tells investors whether the closing price was higher or lower than the opening price (black/red if the stock closed lower, white/green if the stock closed higher). The candlestick’s shadows show the day’s high and lows and how they compare to the open and close. A candlestick’s shape varies based on the relationship between the day’s high, low, opening and closing prices.
Candle stick are easy to identify, the red means bearish and green means bullish. And we can also able to get the day open, low, close and top prices data very easily.
It is greatly helpful for weekly and intraday trading analysis.
it is one of the charting type. identify the price movements with volume, easy to use comparing to Line. Bar charts
very useful to short term traders ( maximum of week)
price movements can be forecasted using different candle stick patterns
- You must be logged in to reply to this topic.
