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- Herausgeber: Sankar Srinivasan
- Kategorie: Fachliteratur
- Sprache: Englisch
Candlestick patterns are a type of charting technique used in financial analysis to help traders and investors better understand market movements. They provide a visual representation of price action by showing the opening, high, low, and closing prices of an asset over a period of time. Candlestick patterns are formed by a series of candles on a price chart, with each candle representing a specific time period.
The body of the candle represents the price range between the opening and closing prices for that period, while the wicks or shadows represent the high and low prices for the same period. Candlestick patterns can be bullish or bearish depending on the direction of the market trend. A bullish pattern indicates that the market is likely to rise, while a bearish pattern indicates that the market is likely to fall.
This mini ebook is simple explanation of Candlestick patterns, written by Sankar Srinivasan, Certified Market Professional of National Stock Exchange of India
Das E-Book können Sie in Legimi-Apps oder einer beliebigen App lesen, die das folgende Format unterstützen:
Veröffentlichungsjahr: 2023
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What is Candlestick Pattern?
Sankar Srinivasan
Published by Sankar Srinivasan, 2023.
Learn Technical Analysis and become a Independent Trader
What is Candlestick Pattern?
A simple explanation with examples
Sankar Srinivasan
Certified Market Professional of National Stock Exchange of India
Copyright
While every precaution has been taken in the preparation of this ebook, the publisher assumes no responsibility for errors or omissions, or for damages resulting from the use of the information contained herein.
WHAT IS CANDLESTICK PATTERN?
Copyright © Sankar Srinivasan
All rights reserved. This ebook is licensed for your personal reading only. This e-book may not be re-sold or given away to other people. If you would like to share this ebook with another person, please purchase an additional copy for each recipient. Thank you for respecting the hard work of this author. Our Print Books and E-Books are available at all leading International online book stores & E-Book stores.
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Table of Contents
Copyright 1
Table of Contents 2
What is Candlestick? 3
Candlestick Signals 4
Some Advanced candlestick signals 13
Conclusion 19
What is Candlestick?
Introduction:
Candlestick patterns are a type of charting technique used in financial analysis to help traders and investors better understand market movements. They provide a visual representation of price action by showing the opening, high, low, and closing prices of an asset over a period of time.
Candlestick patterns are formed by a series of candles on a price chart, with each candle representing a specific time period. The body of the candle represents the price range between the opening and closing prices for that period, while the wicks or shadows represent the high and low prices for the same period.
Candlestick patterns can be bullish or bearish depending on the direction of the market trend. A bullish pattern indicates that the market is likely to rise, while a bearish pattern indicates that the market is likely to fall.
Some commonly used candlestick patterns are doji, hammer, shooting star and engulfing patterns. These patterns can give traders valuable insight into market sentiment and help them make more informed trading decisions.
However, it's important to note that candlestick patterns should be used in conjunction with other technical and fundamental analysis tools to make more accurate trading decisions
