Understanding the Character of Candlestick Forms

Candlestick characters are the simplest and most accurate indicators that traders can use to make transactions easier. It is important for traders to read in detail the characteristics of the candlesticks so they can understand the messages and information contained in each candle movement itself. Candlestick is known for its shape which resembles a candle stick. The characteristics of this candle will greatly support accurate reading of market opportunities. Reading candlesticks is not arbitrary, just memorizing and knowing the formations. Traders need to know the big picture of how to read candlesticks, because each candle is able to inform the price structure, the strength of the trend dynamics of buyers against sellers, and projected price directions that will move later.

Generally, to describe the condition of market prices that have increased (bullish) candlesticks, green or white candlesticks are used. Meanwhile, to describe a declining (bearish) market price, the candlestick used is red or black. There are 4 candlestick elements that make it easier for traders to read:

1. Body candlesticks

2. Axis Length

3. Ratio (Axis and Body)

4. Position

Body Candlestick Size

The size element can help determine who is in control, whether buying traders or selling traders. The bigger or longer the size of the candlestick, the stronger the controller is. Conversely, a smaller size indicates that neither buying traders nor selling traders can move prices too high.

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