Discover key candlestick chart patterns and their significance in financial analysis, and explore alternatives and their use in trading and investing
Japanese Candlestick is a type of financial charts, the modification of OHLC Chart. Candlesticks are usually composed of the body (black or white), and an upper and a lower shadow (wick): the area between the open and the close is called the real body, price excursions above and below th...
You can recognize the shooting star candlestick pattern on the chart by looking at the upper shadow of the two candlesticks you’re analyzing, and how near the open, low, and closing prices are for the chosen time period. If the open, low, and closing prices are almost the same, you ca...
The article provides information about the candlestick charts and its use to the traders. It states that candlestick charts are first introduced by trader Steve Nison in Japan which later revised into the Western-style bar chart. The chart provides clarity in determining the mood of the market ...
How to Calculate the Simple Moving Average SMA takes a certain number of days (periods) when calculating its value. You can adjust these periods, changing the appearance of the line on the chart. The longer period you use for the SMA, the smoother the line becomes. Conversely, you’ll get...
Neither do men light a candle, and put it under a bushel, but on a candlestick; and it giveth light unto all that are in the house. Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven. -Matthew 5:15-16 Most readers...
The above chart shows the sameexchange-traded fund (ETF)over the same time period. The lower chart uses colored bars, while the upper uses colored candlesticks. Some traders prefer to see the thickness of the real bodies, while others prefer the clean look of bar charts. Basic Candlestick Pa...
The above chart shows the sameexchange-traded fund (ETF)over the same time period. The lower chart uses colored bars, while the upper uses colored candlesticks. Some traders prefer to see the thickness of the real bodies, while others prefer the clean look of bar charts. Basic Candlestick Pa...
Candlestick charts have exploded in popularity in recent years. They contain the opening, high, low, and closing prices of a given period of time, just as a bar chart does, but they also contain something more the participants involved. While prices can be capricious and difficult to forecast...
OHLC charts show more information thanline chartswhich only show closing prices connected together into a continuous line. OHLC andcandlestickcharts show the same amount of information, but they show it in a slightly different way. While OHLC charts show the open and close via left and right fac...