Candlestick

Home Page Trading Markets

The whole market
is a fight between buyers and sellers.

Based on
strength/dominance
price moves.

Buyers also called as bulls.
Sellers also called as bears.

EVERY SINGLE CANDLE TELLS A STORY
A candle maybe
buyer dominated or seller dominated
based on the
length of body or length of wick of the candle.

CANDLESTICKS CHART
REPRESENT PRICE MOVEMENT

TECHNICAL ANALYSIS IS DONE
READING THE CHART
AND MAKING PREDICTIONS

TIME FRAME IS THE TIME TAKEN
FOR ONE CANDLE TO FORM

Green Candle represents rise in price.
Closing price is higher than the opening price.

Red Candle represents decrease in price.

Closing price is lower than the opening price.

The wick of a candle is proof that
price stretched a certain level.

Wicks are footprints of the big players.

The tip of the upper wick is called high.
The tip of the lower wick is called low.

Upper wick is normally seller activity.
Lower wick is normally buyer activity.

Should find the Open, High, Low, Close values of any candle.Candles without wick is called Marubozu candles.

Factors to consider when reading candles are:
1.Dominace/Strength
> Size of the candle
> Size of the wick
2.Area in the chart
3.Color of the candle
Higher time frames have
higher strength regarding trading concepts.

A VERY GOOD CHART READER
IS A PROFESSIONAL TRADER