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Top 10 Candlestick Patterns To Trade the Markets
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What is a candlestick?
A candlestick is a popular method of displaying price movements on an asset’s price chart. Often used in technical analysis, candlestick charts can tell you a lot about a market’s price action at a glance – much more than a line chart.
Candlesticks were invented in Japan several centuries ago. Today, their full name, Japanese candlesticks, reflects that. But most traders call them candlesticks, or just candles, for short.
Why are candlestick charts popular?
Candlesticks are popular chiefly because they give you more information than you’d get on a standard line graph: whether the market went up or down in a session, plus its highest, lowest, opening and closing prices.
Top 10 Candlestick Patterns To Trade the Markets 2020-12-26 00:00:00 Warren Venketas, Markets Writer
Candlestick patterns are important tools in technical trading. Understanding them allows traders to interpret possible market trends and form decisions from those inferences. There are various types of candlestick patterns which can signal bullish or bearish movements. This article will briefly touch upon what candlestick patterns are and introduce the top 10 formations all traders should know to trade the markets with ease.
What are candlestick patterns?
A candlestick is a single bar which represents the price movement of a particular asset for a specific time period. The information it displays includes the open, high, low and close for that time period.
Top 10 Candlestick Patterns To Trade the Markets
2021-04-12 20:00:00
Warren Venketas,
Markets Writer
Candlestick patterns are important tools in technical trading. Understanding them allows traders to interpret possible market trends and form decisions from those inferences. There are various types of candlestick patterns which can signal bullish or bearish movements. This article will briefly touch upon what candlestick patterns are and introduce the top 10 formations all traders should know to trade the markets with ease.
What are candlestick patterns?
A candlestick is a single bar which represents the price movement of a particular asset for a specific time period. The information it displays includes the open, high, low and close for that time period.
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