Trading Stocks Read a Candlestick Chart
Candlestick Charts - these stocks candlestick charts use the stocks price data (open, high, low, and close stocks price) to draw stocks price movement in an identifiable way which resembles a candle with wicks on both ends.
How Do You Analyze Candlestick Charts?
The rectangle part is known as body.
The high and low of the stocks price are described as shadows which are plotted as poking lines.
How Do I Analyze Candlestick Charts?
The color of the stocks trading candle is either blue or red:
- Blue Color Candles or Green Color Candlesticks - Stocks Prices moved up
- Red Color Candlesticks - Stocks Prices moved down
Most stocks trading platforms like the MT4 Stocks Trading Platform, use colors to mark the direction of the stocks price. Stocks candlesticks colors used are blue or green - when price moves up, - color of the stocks candlestick is red - when price moves down.
Stocks Candles Charts vs Bar Charts
When stocks candles trading charts are used it is very easy to determine if stocks price moved up or stocks price moved down as opposed to when stocks trading bar charts are used.
The Japanese candlestick charts trading analysis also have very many stocks candlesticks patterns that are used to analyze and trade Stocks. These stocks chart patterns have different technical analysis and the most common are:
Marubozu & Doji Candlestick Patterns
Spinning Tops Candlestick Patterns
Reversal Patterns Stock Candle Patterns Stock Candlestick Patterns
Inverted Hammer Candlestick Pattern & Shooting Star Candlestick Patterns
Piercing Line Stocks Candlestick Pattern & Dark Cloud Cover Candlestick Patterns
Morning Star Candlesticks & Evening Star Candlesticks Stock Candlestick Patterns
How Do I Analyze Candlestick Charts?
