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  • Lesson-6 Candle Stick Session

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    KARTHIK P JAYSWAL 2123321
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    Candlestick charts are used by traders to analyze past price patterns and determine possible future price movements. Candlesticks represent the open, high, low, and closing price of a security for a specific period of time. Traders look for patterns in candlesticks to generate trading signals and identify areas of support and resistance. Key candlestick patterns include bullish and bearish engulfing patterns, hammers, shooting stars, dojis, and morning and evening stars.

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    Candlestick charts are used by traders to analyze past price patterns and determine possible future price movements. Candlesticks represent the open, high, low, and closing price of a security for a specific period of time. Traders look for patterns in candlesticks to generate trading signals and identify areas of support and resistance. Key candlestick patterns include bullish and bearish engulfing patterns, hammers, shooting stars, dojis, and morning and evening stars.

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    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
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    11 views17 pages

    Lesson-6 Candle Stick Session

    Uploaded by

    KARTHIK P JAYSWAL 2123321
    Candlestick charts are used by traders to analyze past price patterns and determine possible future price movements. Candlesticks represent the open, high, low, and closing price of a security for a specific period of time. Traders look for patterns in candlesticks to generate trading signals and identify areas of support and resistance. Key candlestick patterns include bullish and bearish engulfing patterns, hammers, shooting stars, dojis, and morning and evening stars.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    of 17

    What is Candlestick Pattern

    1. Candlestick charts are used by traders to determine


    possible price movement based on past patterns.

    2. Method of reading price charts

    3 OPEN-HIGH-LOW-CLOSE
    How to read candlestick patterns
    The candlestick movements
    Combined Candlestick Patterns
    How to trade Candlestick Patterns

    • Find Area of Support & Resistance


    • Area of Value
    Candlestick

    Developed in the 18th century by a


    rice trader, this trading technique
    generates signals according to the
    relationship between open, high,
    low, and close prices.

    It includes an insightful blend of


    candlesticks with traditional
    technical tools using candles, chart
    patterns, and indicators.

    As a very first step, traders have to


    choose a candlestick as their chart
    type and then carry forward its
    implementation
    5 Important Cndlestick patterns
    • Bullish & Bearish Engulfing
    • Hammer & Shooting Star
    • Dragonfly & Gravestone Doji
    • Morning & Evening Star
    • Tweezer Top & Bottom
    Bullish & Bearish Engulfing
    Hammer & Shooting Star
    Drangongly & Gravestone Doji
    Morning & Evening Star
    Tweezer Top & Bottom
    Strength Of a Candlestick
    Bulls vs Bear

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