What is Candlestick || 10% to @tron-fan-club
Today i will Discuss with you Candlesticks. Candlesticks is very famous and useful tools for traders. Hope you like it, I always try to share with everyone what I know.
We see three types of charts: Bar Chart, Candlesticks and Line chart. The most popular of these is the candlestick. The big traders use candlesticks and these candlesticks are much more used. Candlesticks are made in Japan. A trader uses this candlestick for technical analysis. It is very easy to use and understand, so traders feel very comfortable using this candlestick. Traders can get a lot of ideas about the current market through this candlestick and it is very easy to understand.
Candlesticks were introduced in 1990 by Steve Nelson. Japanese rice traders used candlesticks to trade rice. Later, after learning about candlesticks, Steve Nelson began researching candlesticks and began writing about candlesticks. Through Candlestick we get 4 information about the market. That is open, close, high and low.
The main body of the candle has two lines above and below it, called shadows. The upper shadow is called the upper shadow and the lower shadow is called the lower shadow. We can use multi timeframe, the price of the timeframe we select will be presented in a candle. We can select timeframes like 1 minute, 3 minutes, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, 1 day, 15 days and 30 days.
If we select 1 hour timeframe, then it will present that information to us based on 1 hour price. In that 1 hour the price started, the price closed, the maximum went up and the minimum went down.
There are two types of candlesticks.
Bullish Candle - If the price closes at a higher price than it started, it is called a bullish candle. The color of such candlesticks is green.
Bearish Candle - If the price closes at a price lower than the starting price, it is called a bullish candle. The color of this type of candlestick is red.
The 4 pieces of information we get through candlesticks, these 4 pieces of information can easily give an idea about the market and he understands the position of the market at the moment, I have to make a decision right now. One of the most important tools for doing technical analysis is the candlestick and without doing technical analysis we can't even think of entering the trade. So one of the most used tools is this candlestick.
Experienced - inexperienced, new - old all types of traders use this candlestick. Because it is one of the most used, most popular and most effective tools. So the importance of this candlestick to all types of traders is immense.
https://twitter.com/KawsarH67898725/status/1517803096189009920?t=9SrbTXVaddYBgHMc80tx_w&s=19
Although I had no idea about this topic before. However, after reading your post, I was able to learn a lot and get to know. You have explained everything to us in a very beautiful way.
Understanding the Japanese candlesticks is actually among the basics of trading.
Thanks for sharing with us I really appreciate.
The most seen symbol for traders. I must appreciate who invented this sticks which helps us to get the real picture of trend while trading. Thanks for coming up with this basic topic.
Brother you have explained everything to us in a very beautiful way. Thanks for sharing
You have explained everything to us in a really nice manner, Brother. Thank you for providing this information.
Brother, you are posting a lot of information, I have learned a lot through you. Thank you
Brother, you are sharing a very important thing with us. You are presenting in a great way. Thanks for sharing.
Thank you so much brother for the important post. Good luck to you.