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The Ultimate Guide to Candlestick Chart Patterns
The Ultimate Guide to Candlestick Chart Patterns is your 'candlestick patterns cheat sheet' for making technical trading decisions. Learn to spot trends and act on them intelligently. This book has everything you
An introduction to candlestick chart patterns and why they can take your trading to the next level30+ detailed candlestick patterns with a historical example for every chartExit and entry suggestionsCandlestick chart pattern trading tipsReal trading examples from TrendSpiderFrom the
HOW TO READ CANDLESTICK CHARTS
A candlestick is a type of chart used in trading as a visual representation of past and current price action in specified time frames. Depending on the time frame of the chart, each candlestick consists of minutes, a day, a week or a month trading range. On an intraday chart, a candle might represent periods of time like 1-minute, 5-minutes, 15-minutes or one hour. A daily shows candles that represent each day’s trading range. A weekly chart shows candles that represent each week’s trading range. A monthly chart shows candles that represent each month’s trading range. Note that during the day, a daily candle will change as the range changes and price reaches a final, closing price. Similarly, during the week and in the middle of the month, the candles in those time frames are still changing and are not finalized until their time frame closes. At the end of the day, week or month, the candle for that time period is finalized.
A candlestick consists of the body with an upper or lower wick or shadow. Most candlestick charts show a higher close than the open as either a green or white candle. The opening price as the bottom of the candle and the closing price as the high of the candle. Also, most candlestick charts show a lower close thanthe open represented as a red or black candle, with the opening price as the top of the candle body and the closing price as the low of the candle body.
...and much more!
By the time you finish this book, I think you’ll agree that candlesticks are the best type of charts for most traders to use for trading price action patterns.
An introduction to candlestick chart patterns and why they can take your trading to the next level30+ detailed candlestick patterns with a historical example for every chartExit and entry suggestionsCandlestick chart pattern trading tipsReal trading examples from TrendSpiderFrom the
HOW TO READ CANDLESTICK CHARTS
A candlestick is a type of chart used in trading as a visual representation of past and current price action in specified time frames. Depending on the time frame of the chart, each candlestick consists of minutes, a day, a week or a month trading range. On an intraday chart, a candle might represent periods of time like 1-minute, 5-minutes, 15-minutes or one hour. A daily shows candles that represent each day’s trading range. A weekly chart shows candles that represent each week’s trading range. A monthly chart shows candles that represent each month’s trading range. Note that during the day, a daily candle will change as the range changes and price reaches a final, closing price. Similarly, during the week and in the middle of the month, the candles in those time frames are still changing and are not finalized until their time frame closes. At the end of the day, week or month, the candle for that time period is finalized.
A candlestick consists of the body with an upper or lower wick or shadow. Most candlestick charts show a higher close than the open as either a green or white candle. The opening price as the bottom of the candle and the closing price as the high of the candle. Also, most candlestick charts show a lower close thanthe open represented as a red or black candle, with the opening price as the top of the candle body and the closing price as the low of the candle body.
...and much more!
By the time you finish this book, I think you’ll agree that candlesticks are the best type of charts for most traders to use for trading price action patterns.
198 pages, Kindle Edition
Published February 12, 2021
61 people are currently reading
373 people want to read
About the author
Steve Burns
75 books87 followersSteve Burns has been investing in the stock market successfully for over 20 years and has been an active trader for over 14 years. He is the author of six books and ranks near the top 500 of all reviewers on Amazon.com. He has been featured as a top Darvas System trader and interviewed for the Wall Street Journal blog, Traders Magazine, and Michael Covel. He has also been a contributor to Traders Planet, ZenTrader.ca, and SeeitMarket.com. He lives in Nashville, TN with his three children, Janna, Kelli, and Stephen III. He trades his own personal accounts.
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Displaying 1 - 2 of 2 reviews
February 20, 2021
Great 🔥
February 28, 2021
Easy to read
It is simple and direct....does not beat around the bush and the examples are not just “perfect” patterns...patterns that are similar are just as valid.
It is simple and direct....does not beat around the bush and the examples are not just “perfect” patterns...patterns that are similar are just as valid.
Displaying 1 - 2 of 2 reviews