Razor1911
Active member
Candle stick charts are the most hoghly used chart patterns by the traders to analyze the market. The chart patterns are so handy that you can even tell the market condition just looking at one candle. Surely, the whole chart is necessary to analyze better but in extreme cases you can analyze by the shape size and structure of the last candle formed.
Specially the candle contains a high, a low, the opening position and the closing position. Thus by seeing a candle you can figure out how much the price fluctuated, whether the bulls were in control or the bears. And the shape will determine the future of the price that is the reason why it is mostly widely used by many professional traders. Studying the charts will certainly help the newbie traders to gain knowledge.
Specially the candle contains a high, a low, the opening position and the closing position. Thus by seeing a candle you can figure out how much the price fluctuated, whether the bulls were in control or the bears. And the shape will determine the future of the price that is the reason why it is mostly widely used by many professional traders. Studying the charts will certainly help the newbie traders to gain knowledge.
