What is a Candlestick Chart?
Candlestick chart or Japanese Candlestick is a visual financial chart used to describe price movements of a security, derivative or a currency.
Over time, groups of daily candlesticks fall into recognizable patterns.
Key Features of a Candlestick Chart:
• More Visual
• Real Bodies
• Colour Coding Price Bars
“Green” candle represents a Bullish Marubozu. Here, there is no shadow formed, so there is no shadow formed (More on that in the coming posts) and hence the market is complete bullish.
The vice-versa is depicted in the red “Bearish Marubozu”.
How does a Candlestick Chart look like:
What is a Doji and how do you use it in your analysis?
It is important to emphasize that the Doji pattern does not mean reversal, it means indecision. Doji’s are often found during periods of resting after a significant move higher or lower; the market, after resting, then continues on its way. Nevertheless, a Doji pattern could be interpreted as a sign that a prior trend is losing its strength, and taking some profits might be well advised.
Our Main Goal with all the posts:
To help you grow flake by flake.
Keep adding multiple flows of Income.
Follow Us On Our Social Channels & get ideas and tips to grow your wealth -
E-Mail Us -
[email protected] with your ideas and suggestions. We have all ears. Also, If you want to contribute to this blog via guest post, feel free to shoot us an E-mail.
Let’s connect and Let’s Grow. Flake By Flake.
Quick Questions -
- Which Chart pattern do you prefer and why?
- How do you prefer using the candlestick pattern – Weekly, Monthly, Quarterly?
Add in your comments on any of the above questions and share wisdom with the community. Let’s Grow together flakers!