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![]() 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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