Candlestick charting basics steve nison5/20/2023 ![]() ![]() This shouldn’t come as a surprise though. ![]() Red or black color, on the other hand, is used to represent a session that closed lower. While traders can use any color combination, green or white is generally used to represent a session where the price closed higher than its opening price. Each candlestick represents a trading session, and it is often colored to indicate how the price closed during that session. There are many types of price charts, such as the line chart, bar chart, point and figure chart, candlestick chart, range bar, and Renko chart, but since its introduction to the Western world by Steve Nison, the candlestick chart has become one of the most popular and widely preferred methods of charting price action.Ĭandlestick patterns are identifiable shapes formed by a single candlestick or group of candlesticks. Last Updated on 20 April, 2023 by SamuelssonĬandlestick Guide: How to Read Candlesticks and Chart PatternsĪs a trader, you can’t do without a price chart. ![]()
0 Comments
Leave a Reply. |