Candle Anatomy
Decided to start posting content. Going from Basics to more advanced topics, little by little.
If you're just starting to learn how to trade, here's the first thing you should know. What's a candle?
A candlestick is a type of price chart used in technical analysis that displays the high, low, open, and closing prices of a security for a specific period.
-The candle has an open and close price point in time. If the movement is upwards, then the candle will close above its open price. Consequently, if the movement is downwards, the candle will close below its open price.
-The wicks will show the highest and lowest prices in the market at that moment.
-When looking at the market structure, it's important to look at the body of the candles, not the wick.
-For identifying liquidity, it is important to look at the wicks.
*The information I am sharing is mostly for new traders.
*I am not Certified to give out any information, but I enjoy trading and enjoy sharing what I know as well.
If you're just starting to learn how to trade, here's the first thing you should know. What's a candle?
A candlestick is a type of price chart used in technical analysis that displays the high, low, open, and closing prices of a security for a specific period.
-The candle has an open and close price point in time. If the movement is upwards, then the candle will close above its open price. Consequently, if the movement is downwards, the candle will close below its open price.
-The wicks will show the highest and lowest prices in the market at that moment.
-When looking at the market structure, it's important to look at the body of the candles, not the wick.
-For identifying liquidity, it is important to look at the wicks.
*The information I am sharing is mostly for new traders.
*I am not Certified to give out any information, but I enjoy trading and enjoy sharing what I know as well.
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