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32 Candlestick Pattern PDF Details

DataDescription
File Name32 Candlestick Pattern PDF
Total Pages60
Size1.3 MB
PDF QualityVery Good
languageEnglish
PDF LinkAvailable ✔️
Authorstoxmee

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Candlestick charts were originated in Japan over 100 years before the West had developed the bar charts and point-and-figure charts. In the 1700s, a Japanese man known as Homma discovered that as there was a link between price and the supply and demand of rice, the markets also were strongly influenced by the emotions of traders.

A daily candlestick charts shows the security’s open,high, low, and close price for the day. The candlestick’s wide or rectangle part is called the“real body” which shows the link between opening and closing prices.

This real body shows the price range between the open and close of that day’s trading.When the real body is filled, black or red then it means that the close is lower than the open and is known as the bearish candle. It shows that the prices opened, the bears pushed the prices down and closed lower than the opening price.

If the real body is empty, white or green then it means that the close was higher than the open known as the bullish candle. It shows that the prices opened, the bulls pushed the prices up and closed higher than the opening price.The thin vertical lines above and below the real body is knowns as the wicks or shadows which represents the high and low prices of the trading session.

Also download: Bullish Candlestick Patterns PDF (1MB)
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