How To Read A Candlestick Chart
How To Read A Candlestick Chart. Each candle consists of the body and the wicks. For example: a long white real body visually displays the bulls are in charge. a long black real body signifies the bears are in control. a small real body (white or black) indicates a period in which the.
On the other hand, if the upper wick on a green candle is short, then it indicates that the stock closed near the high of the day. The colors can be green and red, but usually, green hammers show us a stronger bull market. "The Hammer" candlestick pattern. A red candle indicates that the closing price is lower than the opening price which translates to a decrease in asset price.
Hollow candle if the current closing price is higher than the current opening price.
Also, through reading stock charts candlesticks, traders can get.
For an intraday chart like this one, the open and close prices are those for the beginning and end of the five-minute period, not the trading session. The long, thin wicks of the candlestick extend from a wide. Also, shadows can be long or short.
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Veronica Cain
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