![]() The candlesticks are color-coded to illustrate the direction of the price action movements. A candlestick consists of a solid part, the body, and two thinner lines which are called candle wicks or candlestick shadows. ![]() These candlesticks are made up of different components to describe the price movements of financial instruments. ![]() In this article, you will learn everything you need to master candlesticks patterns like a true professional.Īs the name suggests, a candlestick chart is made up of so-called (price) candlesticks. Today, candlestick charts are the preferred tool of analysis for traders and most investors since they provide all the required information at a glance. Candlestick charts have their origin in 17 thcentury Japan. Candlestick charts are further developed line charts – which the image below shows – that serve to compensate for the disadvantage of less information.
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