RISK MANAGEMENT - Learn Before Enter in Stock Market
Share Market Study - Type Of Candel ( Episode 03 )
Candlestick patterns are graphical representations of price movements in financial markets, commonly used in technical analysis to predict future price movements. They are formed by the open, high, low, and close prices of a specific time period, typically depicted as candlesticks on a price chart.
Each candlestick represents a specific time period, such as a day, week, or hour, and consists of a rectangular body and thin lines, known as shadows or wicks, extending above and below the body. The body represents the price range between the open and close, while the shadows indicate the high and low prices during that period.
There are various candlestick patterns used in technical analysis to analyze price movements in financial markets. Here are some common types of candlestick patterns:
These are just a few examples, and there are many other candlestick patterns used by traders and analysts to interpret market behavior and make trading decisions. It's important to note that while candlestick patterns can provide valuable insights, they should be used in conjunction with other technical indicators and analysis techniques for better accuracy.
Nice lesson
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