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Candlestick Patterns

DanMad · 130

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Offline DanMad

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on: February 23, 2022, 10:24:53 PM
What Is A Candlestick Chart?
A candlestick is a type of financial chart used in technical analysis.
The Candlestick the price activity of an asset during a specified timeframe through, the high, low, open, and closing prices of a market for a specific period.
A candlestick usually represents one day's worth of price data about a stock market.

Candlestick charts have been developed by Japanese rice merchants and traders to track market prices.

 The candlestick charts were introduced to the Western world by Steve Nison, the Japanese Candlestick Charting Techniques book was published in 1991.
They Candlestick charts are used today in stock analysis with other analytical tools.

The wide part of the candlestick is called real body and tells us whether the closing price was higher or lower than the opening price.

How many chart patterns exist?

Well there are 35 types o Candlestick Patters, and they are divided into three groups: continuation patters, bullish reversal patterns na bearish reversal patterns.

We can find all of them explaind in detail in the following link: https://www.elearnmarkets.com/blog/35-candlestick-patterns-in-stock-market/

« Last Edit: February 23, 2022, 10:30:01 PM by admin »