CANDLESTICK CHART:
A candlestick chart is a style of bar-chart used primarily to describe price movements of a security. It is most often used in technical analysis of equity and price patterns.
1. It is a combination of a line-chart and a bar-chart,
2. Each bar represents the range of price movement over a given time interval.
Candlesticks are usually composed of the body (black or white), and an upper and a lower shadow.
1. The area between the open and the close is called the real body. For a lower closing Black or Red, for a higher closing White or Green.
2. Price excursions above and below the real body are called shadows. The shadow illustrates the highest and lowest traded prices of a security during the time interval.
Use of candlestick charts:
Candlestick charts are a visual aid for decision making in stock trading. For example, when the bar is white and high relative to other time periods, it means buyers are very bullish. The opposite is true for a black bar.
A candlestick chart is a style of bar-chart used primarily to describe price movements of a security. It is most often used in technical analysis of equity and price patterns.
1. It is a combination of a line-chart and a bar-chart,
2. Each bar represents the range of price movement over a given time interval.
Candlesticks are usually composed of the body (black or white), and an upper and a lower shadow.
1. The area between the open and the close is called the real body. For a lower closing Black or Red, for a higher closing White or Green.
2. Price excursions above and below the real body are called shadows. The shadow illustrates the highest and lowest traded prices of a security during the time interval.
Use of candlestick charts:
Candlestick charts are a visual aid for decision making in stock trading. For example, when the bar is white and high relative to other time periods, it means buyers are very bullish. The opposite is true for a black bar.
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