How Candlesticks Work
Every candlestick has four major components:
Open: Price at the beginning of the period
Close: Price at the end of the period
High: Highest price reached
Low: Lowest price reached
If the closing price is higher than the opening price, the candle is bullish. If the closing price is lower, the candle is bearish.
The body and shadows (wicks) of the candle provide vital information:
A long body shows strong momentum.
A small body shows indecision.
Long wicks show rejection from higher or lower levels.
No wicks signal strong directional control by either bulls or bears.
Based on these characteristics, candle patterns are broadly divided into reversal patterns, continuation patterns, and indecision patterns.
Every candlestick has four major components:
Open: Price at the beginning of the period
Close: Price at the end of the period
High: Highest price reached
Low: Lowest price reached
If the closing price is higher than the opening price, the candle is bullish. If the closing price is lower, the candle is bearish.
The body and shadows (wicks) of the candle provide vital information:
A long body shows strong momentum.
A small body shows indecision.
Long wicks show rejection from higher or lower levels.
No wicks signal strong directional control by either bulls or bears.
Based on these characteristics, candle patterns are broadly divided into reversal patterns, continuation patterns, and indecision patterns.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.