A candlestick is a way of displaying information about an asset’s price movement. Candlestick charts are one of the most popular components of technical analysis, enabling traders to interpret price information quickly and from just a few price bars.
★ Body - Represents the open-to-close range
★ Wick or shadow - Represents the intra-day high and low
★ Colour - Represents the direction of market movement – Green body indicates a price increase, while a Red body shows a price decrease
When using any candlestick pattern, it is important to remember that although they are great for quickly predicting trends, they should be used alongside other forms of technical analysis to confirm the overall trend.
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🚫 Disclaimer 🚫 All information shared here is for educational purposes only, Please consult your financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you make.
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★ Body - Represents the open-to-close range
★ Wick or shadow - Represents the intra-day high and low
★ Colour - Represents the direction of market movement – Green body indicates a price increase, while a Red body shows a price decrease
When using any candlestick pattern, it is important to remember that although they are great for quickly predicting trends, they should be used alongside other forms of technical analysis to confirm the overall trend.
Our motto is to help each and every individual to reach and achieve their financial goals across the world by empowering individuals with the accurate knowledge and skills necessary to navigate the complexities of the financial markets successfully. 💪
🚫 Disclaimer 🚫 All information shared here is for educational purposes only, Please consult your financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you make.
Request your support and engagement by like, comment & follow to provide encouragement
CHEERS 👍
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