understanding a candlestick chart
Candlestick Patterns. Japanese Candlesticks are a type of chart which shows the high, low, open and close of an assets price, as well as quickly showing whether the asset finished higher or lower over a specific period, by creating an easy to read, simple, interpretation of the market.
The chart to the left is a 1H (one hour intervals) candlestick chart. In the middle is a 4H (four hour intervals) candlestick chart. The chart to the right is a daily candlestick chart. These three charts represent the short term, medium term and longer term price trends respectively. How To Read Candlestick Charts - Warrior TradingCandlestick analysis is a deep subject with plenty of thick books to absorb for those wanting to study more. This article was meant to give you a big-picture understanding of how to read a candlestick chart and how to apply some basic analysis on a candlestick chart.
May 10, 2021 · Candlestick charts are made up of red and green candles. Each candle represents the range of prices during a particular time period. In a 5-min candlestick chart, each candlestick represents a 5 min period; in a 10 min candlestick chart, each candlestick represents a 10 min period and so on. INTRODUCTION TO CANDLESTICK PATTERNS - What are Candlesticks? Put simply, candlesticks are a way of communicating information about how price is moving. Candlestick charts are available on ThinkForex trading platforms for all assets individuals can trade on the platforms. Below is a sample of a candlestick chart derived from the ThinkForex web trading platform:
In order to create a candlestick chart, you must have a data set that contains open, high, low and close values for each time period you want to display. The hollow or filled portion of the candlestick is called the body (also referred to as the real body). The Monster Guide to Candlestick PatternsMay 03, 2018 · Lets learn how to read a candlestick chart So, how do you read a Japanese candlestick chart? Now, every candlestick pattern has 4 data points:Open The opening price. High The highest price over a fixed time period. Low The lowest price over a fixed time period. Close The closing price. Heres what I mean:Remember
Jun 25, 2021 · A candlestick chart is a form of financial chart that depicts the price movements of an asset over a specified timeframe graphically. Its made up of candlesticks, each reflecting the same period of time, as the name implies. Candlesticks can be used to reflect almost any time frame, from seconds to years.Easy Ways to Read a Candlestick Chart:12 Steps (with Sep 30, 2019 · A candlestick chart is a type of financial chart that shows the price action for an investment market like a currency or a security. The chart consists of individual candlesticks that