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In financial technical analysis, a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement.
The recognition of the pattern is subjective and programs that are used for charting have to rely on predefined rules to match the pattern.
In This App
How can I understand candlestick patterns?
Understanding Basic Candlestick Charts
The candlestick has a wide part, which is called the "real body." This real body represents the price range between the open and close of that day's trading.
When the real body is filled in or black, it means the close was lower than the open.
If the real body is empty, it means the close was higher than the open.
How many types of candlesticks are there?
Our research indicates there are at least 75 candlestick patterns that have a formal name, see our compiled list below.
The 5 Most Powerful Single Candlestick Patterns
Doji.
Considered to be one of the most important single candlestick patterns, the doji can give you an insight into the market sentiment.
.
Dragonfly doji.
.
Gravestone doji.
.
Spinning top.
.
Hammer.
Developed by: Sona_Creation
Contact Us: [email protected]
HASTA LA VISTA
In financial technical analysis, a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement.
The recognition of the pattern is subjective and programs that are used for charting have to rely on predefined rules to match the pattern.
In This App
How can I understand candlestick patterns?
Understanding Basic Candlestick Charts
The candlestick has a wide part, which is called the "real body." This real body represents the price range between the open and close of that day's trading.
When the real body is filled in or black, it means the close was lower than the open.
If the real body is empty, it means the close was higher than the open.
How many types of candlesticks are there?
Our research indicates there are at least 75 candlestick patterns that have a formal name, see our compiled list below.
The 5 Most Powerful Single Candlestick Patterns
Doji.
Considered to be one of the most important single candlestick patterns, the doji can give you an insight into the market sentiment.
.
Dragonfly doji.
.
Gravestone doji.
.
Spinning top.
.
Hammer.
Developed by: Sona_Creation
Contact Us: [email protected]
HASTA LA VISTA
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