CANDLESTICK READING

CANDLESTICK READINGCANDLESTICK READINGCANDLESTICK READING
Home
Basic concept
Candlesticks
Lessons
  • Hump shapes
  • Green vs Red
  • Candlestick strengths
  • Segments
  • Small hump
  • Medium hump
  • Big hump
  • Segment rejections
  • 3 day rejections
  • Optimal trading time
Videos
  • Bullish
  • Bearish
WorkBooks

CANDLESTICK READING

CANDLESTICK READINGCANDLESTICK READINGCANDLESTICK READING
Home
Basic concept
Candlesticks
Lessons
  • Hump shapes
  • Green vs Red
  • Candlestick strengths
  • Segments
  • Small hump
  • Medium hump
  • Big hump
  • Segment rejections
  • 3 day rejections
  • Optimal trading time
Videos
  • Bullish
  • Bearish
WorkBooks
More
  • Home
  • Basic concept
  • Candlesticks
  • Lessons
    • Hump shapes
    • Green vs Red
    • Candlestick strengths
    • Segments
    • Small hump
    • Medium hump
    • Big hump
    • Segment rejections
    • 3 day rejections
    • Optimal trading time
  • Videos
    • Bullish
    • Bearish
  • WorkBooks
  • Home
  • Basic concept
  • Candlesticks
  • Lessons
    • Hump shapes
    • Green vs Red
    • Candlestick strengths
    • Segments
    • Small hump
    • Medium hump
    • Big hump
    • Segment rejections
    • 3 day rejections
    • Optimal trading time
  • Videos
    • Bullish
    • Bearish
  • WorkBooks

Light it up! Your brain, that is.

Candlesticks hold all of the information about a stock.  They are the first to instantly react to any new information, and the anticipation of new information is also found in the candlesticks. So, if candlesticks know all, and you know how to read candlesticks, then do you know all?

What is a candlestick?

Top wick or tail

This is the price rejection from the top.  The stock price went as high as the tip, but was pushed back down by the sellers.

Green body

The body is represented by a rectangle.  The green body means that the stock price opened at the bottom of the body and closed at the top of the body.  Essentially, the price of the stock went up during that timeframe.

Red body

The body is represented by a rectangle.  The red body means that the stock price opened at the top of the body and closed at the bottom of the body. Essentially, the price of the stock went down during that timeframe.

Bottom wick or tail

This is the price rejection from the bottom.  The stock price went as low as the tip, but was pushed by up by the buyers.

Understanding how to read candlesticks

1 candlestick

1 candlestick = 1 letters of the alphabet

1 segment

1 segment =  1 word

1 set of 3 segments

1 set of segments = 1 sentence

1 Small hump

1 or more sets of segments = 1 small hump = 1 paragraph

Medium hump

3 small humps = 1 medium hump = 1 chapter

Big hump

3 medium humps  = 1 big hump = 1 section of a book

Copyright © 2024 Candlestick reading - All Rights Reserved.

Powered by GoDaddy