Candlestick Characteristics to Understand

Candlesticks are a type of price chart used in financial markets. This type of chart originated two centuries ago in Japan and after that it was in great demand by traders. This candlestick is one of the analyzes that can be used to find opportunities. Candlesticks are known for their shape that resembles a candlestick. The characteristics of this candle will greatly support reading accurate market opportunities. Reading candlesticks is not arbitrary, just memorizing and getting to know the formations. Traders need to know the big picture how to read candlesticks, because each candle is able to inform the price structure, the strength of the dynamic trend of buyers versus sellers, and the projected direction the price will move in the future. The way to read the characteristics of a candlestick is by body size, wick length, body ratio, and position. Watch the video below for more clear and detailed information!


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