Let's just watch it for a minute! Gongmyeong's Knowledge Sharing
< Let's just watch it for a minute! Gongmyeong's Knowledge Sharing >
Today, we're going to talk about the most basic element that makes up the chart, the candle.
This is very important because you need to have a better understanding of the candles to flexibly access more in-depth theories.
As basic as it is, it's not hard!
Today, we will talk about the composition and its name among the candles.
First, candles are made up of Bullish candle and Bearish candle.
- Bullish candle : Candles with a higher closing price than the starting price
- Bearish candle : Candles with a higher starting price than the closing price
Here, the starting price and the closing price are:
- Starting price: the price at which the candle started
- Closing Price: Candle Ended Price
It's not that hard, right?
The ends and ends of the Icer Candles are called low-priced and high-priced.
- High-priced : Highest price in the candle
- Low-priced : Lowest price in the candle
So we looked into four important parts: starting price, closing price, high price, and low price. Finally, let's look at the concept of tail and body.
The tail can be classified into 'upper tail' and 'bottom tail'.
- Upper tail: The thin part above the candle.
- Bottom tail: A thin part that forms under the candle.
The body is the whole part except for the tails!
The criteria for dividing the tail and body are 'Closing price' and 'Strating price'.
[Closing price ~ high-priced (or low-priced)] This part becomes the tail,
and [Closing price ~ Starting price], this part becomes the body!
Today we talked about the components of candles.
Let's understand the names and components through today's content and learn more about the candles next time!
See you tomorrow!
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