How Do I Analyze a Candle Chart?

A beginner stocks guide to stocks - how to read stocks charts. The 3 different types of stocks charts are line chart, bar chart and candle chart - these commonly used stocks chart types are explained in this learn stocks guide and beginner traders can learn how to Analyze these stocks charts from this learn stocks charts tutorial.

This learn stocks charts tutorial will show you how to Analyze these stocks candlesticks charts that are commonly used in stocks.

How Do You Interpret Candlesticks Chart Technical Analysis?

Stock Trading Line Chart Technical Analysis - How Do I Analyze Stock Trading Line Chart Technical Analysis? - stocks line charts draws a continuous line connecting closing stocks prices of stocks.

How Do I Analyze Stocks Trading Chart?

Stocks Trading Bars Chart Technical Analysis - stocks trading bar charts are displayed as sequence of OHCL bars. OHCL represents OPEN HIGH LOW and CLOSE. The Opening stocks price is displayed as a horizontal dash on the left & closing stocks price as a horizontal dash on the right.

How Do I Analyze Stocks Chart? - How Do I Analyze Stocks Chart Technical Analysis?

The main disadvantage of a bar charts is that these stocks charts not visually appealing, therefore most traders don't use them.

Candles Chart Technical Analysis - these stocks candles charts use the same price data as bar charts - open, high, low, and close. However, stocks candlesticks charts are drawn in a much more visually identifiable way which looks like a candle with wicks on both ends.

How Do You Interpret a Candlestick Chart?

Rectangle part of the stocks candle is called the body.

The high & low are described as shadows and are plotted as poking lines.

Candles Chart Technical Analysis

The color of the stocks trading candle is either blue or red:

• - Blue or Green Color Stocks Candles - Stocks prices moved upward
• - Red Color Stocks Candles - Stocks prices moved downwards

Most stocks trading platforms like the MT4 Stocks Platform, use colors to mark the direction of the stocks price. Stocks Trading candles colors used are blue or green: color of stocks candlestick is blue when price moves up - color of candle stick is red when price moves down.

How Do I Analyze Candle Chart?

When Stocks candlesticks charts are used it is very easy to see if the stocks price moved upward or downward as opposed to when stocks trading bar charts are used.

How Do I Analyze Candlestick Chart?