How to Read Candlesticks for Beginners (Patterns Included!)

1 year ago
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How to Read and Understand Candlesticks
https://successacademycourses.com/how-to-read-and-understand-candlesticks/

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Introduction: 0:00-0:09
Disclaimer: 0:09-0:12
What Are Candlesticks? 0:12-0:30
Parts of a Candlestick: 0:30-1:37
Timeframes: 1:37-2:08
Types of Candlesticks: 2:08-2:30
Support and Resistance: 2:30-2:59
Head and Shoulders Pattern: 2:59-3:22
Pipe Tops and Bottoms: 3:22-4:11
Types of Individual Candlesticks: 4:11-4:15
Shooter Candlesticks: 4:15-4:27
Hammer Candlestick 4:27-4:39
Doji Candlestick: 4:39-4:51
Inside Bar Candlestick: 4:51-4:59
Consolidation: 4:59

Candlesticks are a Japanese invention thought to be developed by Munehisa Homma. Candles are used in technical analysis to identify trends and patterns in a company’s stock in more detail than just a regular line chart. They represent the emotions of traders and a more detailed look at a stock’s price.

For most charts, the green candlestick is considered bullish and the red candlestick is considered bearish. These candles can sometimes also be shown as white and black.

Quick Notes:
Parts of the candlestick include the body, the wicks, the high, the low, the open, and the close.
There are bullish and bearish candlesticks.
A bullish candle becomes bullish when the close price is higher than the open price, representing an increasing price.
A bearish candle becomes bearish when the close price is lower than the open price, representing a decreasing price.

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