Candlestick is one of the display shown in the charting. With just a candlestick it is able to tell you
the opening price , closing price, high, low.
Candlestick is able to give you more information about the traders sentimental towards the market.
Whether are they pessimistic or optimistic toward a currency-pair.
Some candlestick pattern is a symptom of reversal.
To simplify things up for new trader.
When looking at a charting in candlestick, imagine that you are looking at 2 animal fighting on a beach.
The 2 animal are bear and bull.
The red candlestick represent the strength of the bear,
The green candlestick represent the strength of the bull.
In this example, the red candlestick is bigger than the green candlestick.
Bear is overpowering the bull.
This is a bearish representation in candle stick theory.
We call this bearish engulfing candle stick.
In this example, the green candlestick is bigger than the red candlestick.
Bull is overpowering the Bear.
This is a bullish representation in candle stick theory.
We call this bullish engulfing candle stick.
* If you like to know more about candlestick pattern. You could refer to www.babypips.com
No comments:
Post a Comment