How to Predict Stock Charts
Stock Charts Technical Analysis Stock Meaning
There are 3 types of charts used in Stocks: Line Chart, Bar Chart and Candlesticks Chart - How to Predict Stocks Charts.
How to Trade Stock Chart Analysis
Line Charts - stocks line charts draw a continuous line connecting closing stocks prices of a stocks.
Stocks Line Charts - How to Predict Stocks Charts
Bar Chart - stocks bar charts are displayed as sequence of OHCL bars. O H C L represents OPEN HIGH LOW and CLOSE. Opening stocks price is displayed as a horizontal dash on the left & closing stocks price as a horizontal dash on the right.
Stocks Bar Charts - How to Predict Stock Charts Beginners PDF
The main disadvantage of stocks bar chart is that it is not visually appealing, therefore most traders don't use them.
Stocks Candlesticks Charts - these stocks candles charts use the same price data as stocks bar charts (open, high, low, and close). However, they in a much more visually identifiable way which resembles a candle that has wicks on both ends.
How to Interpret Candlesticks Charts
rectangle part of the stocks trading candlestick is known as the body.
The high and low of stocks candlestick are called as shadows and are drawn as poking lines.
Stocks Candlesticks Charts
color of the stocks candle is either blue or red:
- (Blue or Green Color Candles) - Stocks Prices moved up
- (Red Color Candles) - Stocks Prices moved down
Most stock trading platforms like the MT4 Stocks Platform, use colors to mark the direction of the stocks price. Stocks Candles colors used are blue or green: when price moves up, color of stocks candle stick is blue: when price moves down, color of stocks candle is red.
Stock Candlesticks Charts vs Bar Charts
When Stock candlesticks charts are used it is very easy to see if the stocks price moved up or down as opposed to when bar charts are used.
The Japanese candles charts techniques also have very many candlesticks formations which are used to trade the Stocks Markets. These stocks patterns have different technical analysis interpretation & the most common are:
Stock Charts Online Stocks Course Beginners Tutorial Beginners PDF
The above stocks candles patterns is what makes the Japanese candlesticks chart patterns popular among stocks traders & it is why this type of stocks chart analysis technical analysis are the most widely used when it comes to analyzing the Stocks market.
