Original Candlestick Presentation
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Candlesticks Basic understanding How to use them
Introduction to Candlesticks • Use to time your entry in a stock or option • Identifies possibility of current trend reversal or continuation • Visually Appealing vs. Bar Charts • Must be confirmed by another indicator • Only for markets that have all data
What Candlesticks Tell Us Indicators that signal • A trend reversal • Conformation of trend • Indecision in strength of the Trend
Candlesticks Bullish Real Body Color: -Hollow -White -Green Bearish Real Body Color: -Shaded -Black -Red
GAPS & WINDOWS B. A. C.
The Interactive Chart • On the Graph Tab (Enter your Symbol) • Left Side Under Graph Links Select Interactive Chart • Bottom Left of new Graph Click CLONE button • Maximize Window (if you are blind like me) • Top Left Default setting ‘Bar’ Click down arrow to your right, select ‘Candle’ • Apply Favorite Study Set (Workshop if you are new, or Bowtie covered later)
Candlesticks Review • Helpful to time entry an exit points • Illustrates the battle between Buyers and Sellers. • Not reliable to use as only indicator • Easier to see direction of price moves
Resources* Websites • www.IncredibleCharts.com • www.StockCharts.com • www.HotCandleCharts.com • www.CandleCharts.com • www.HardRightEdge.com Books • Technical Analysis – PRING • Candlesticks - Steve Nision *Other resources are available.