Candlestick Patterns PDF

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35 Powerful Candlestick Patterns with Formula PDF

Hello friends, today I am going to share Candlestick Patterns PDF with you. Because people who have interest in trading, market. It becomes very important for those people to have knowledge of candlestick patterns. With the help of these patterns, you can get success in trading and in the market. Click on the link given below the article to download.

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A candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement. So far 35 Candlestick Patterns are available, with the help of which you can get good success in stock market trading. Candlesticks are a powerful trading concept and even research has confirmed that some candlestick patterns have a high predictive value and can produce positive returns. That doesn’t mean that all these tricks always work. Because it completely depends on your technical knowledge.

Candlestick charts are thought to have been developed in the 18th century by a Japanese rice trader Munehisa Homma.

3 Components of Candlestick

  1. Body – The thickest part of the candle which indicates the variation between the opening and closing price.
  2. Wick – The upper and lower lines of the candlestick body that represent the entire price movement during a specific time frame indicate highs and lows.
  3. Colour – This allows us to identify whether the candle is bullish or bearish, ie the stock market is bullish or bearish. by which you can sell your shares.

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