Dating gide candlesticks
These are called Japanese Candlesticks, and we’re going to talk a whole lot about them in this article.
For anyone looking to understand trading, having a strong background knowledge of candles and what they depict can give you a leg up in the challenging game of stock trading.
Candlesticks display all the market information you need such as the open, close, high, and low.
However, they also show the level of emotional volatility within that trading period.
The value in all the patterns that are commonly used for trading is that they can be used to potentially predict future price action.
This is a Guest Post by @Trend Spider and originally appeared on their Trend Spider Blog.
Whether you are new to trading or not, you have probably seen those stock photos of someone sitting in front of a screen full of charts that accompany every article about trading.
If its an hourly chart, each candle represents one hour of trading, a 5-minute chart means each candle is 5 minutes and so on.
Regardless of time period, each candle is made up of two components and can be used in exactly the same way to conduct the analysis. Each candle here is represented as one day’s price action shown under “Time Frame”. If the candle is green, the price closed above the previous time period, if red, the price closed below the previous time period.