Candle stick pattern


 





Candlestick Patterns in Stock Trading๐Ÿš€



Candlestick patterns are used by traders to analyze price movements in financial markets, particularly in the stock market.

History of Candlestick Charting๐Ÿ‘‰

Candlestick charting originated in Japan in the 18th century, developed by Munehisa Homma, a rice trader in Ojima, Japan. This charting technique was later introduced to the Western world in the late 20th century by Steve Nison, who popularized the method.

Basic Candlestick๐Ÿ”ธ

 A candlestick chart consists of "candles," where each candle represents a specific time period (like 1 minute, 15 minute, 1 hour, 1 day). The body of the candle shows the opening and closing prices, and the wicks (or shadows) show the highest and lowest prices during that period.


Common Candlestick Patterns๐Ÿ”ฅ

Bullish Engulfing: Indicates a potential price rise.

Bearish Engulfing: Indicates a potential price drop.

Doji: Signals indecision in the market.

Hammer: Can indicate a potential price reversal after a down.


                                            INSTAGRAM LINK


https://www.instagram.com/reel/DGicbN0TdC0/?igsh=eDdzdDl3bTBsdzJm


                                                  YOU TUBE LINK


https://youtube.com/shorts/RoVXaf-Y-ak?si=5IoEtlFcPO_QZZdh


Comments

Popular posts from this blog

ALGO TRADING MEANING

Harshad Metha’s Wife’s Portfolio

The Father of Algo Trading