Candlestick Chart Analysis: How to analyse candlestick chart analysis ex...

  

BO Turbo Trader Price Action Guide for Binary Options Trader PDF https://goo.gl/VmcKjJ 👉 SMASH THE LIKE BUTTON 👈 👉 HIT THE SUBSCRIBE BUTTON 👈 👉 LEAVE A COMMENT 👈 Facebook-Group: https://www.facebook.com/groups/31949... Twitter: https://twitter.com/boturbotrader Binary Option Win Rate and Net Profit Calculator + Simulator https://goo.gl/NeUyCp Money Management Masaniello Program + Excel File https://goo.gl/9pNRhs Start Mining Cryptocurrency http://goo.gl/1mJLbU Risk Warning: Your invested capital may be at risk. This video is not an investment advice. Indicators: EMA 3 (blue) EMA 20 (yellow) EMA 50 (orange) EMA 100 (red) EMA 200 (purple) Bollinger Band Period 20 Deviation 2 (green) Bollinger Band Period 20 Deviation 1 (white) In Candlestick Charting: What Is It? we looked at the history and the basics of the art of Japanese candlestick charting. Here we look deeper into how to analyze candlestick patterns. Principles Behind the Art. ​Before learning how to analyze candlestick charts, we need to understand that candle patterns. Compared to traditional bar charts, many traders consider candlestick charts more visually appealing and easier to interpret. Each candlestick provides an easy-to-decipher picture of price action. Immediately a trader can compare the relationship between the open and close as well as the high and low. Candlestick Chart Patterns. Engulfing (Bullish) Bullish Engulfing pattern is formed when a small solid Candlestick is followed by a large hollow Candlestick which completely 'engulfs' the smaller Candlestick. Engulfing (Bearish) Hammer (Bullish) Shooting Star (Bullish) Doji. Candlestick charts are one of the most powerful technical analysis tools in the trader's toolkit. They are also one of the most prevalent. Most technical analysis programs use candlesticks as the default mode of charting. Used correctly, candlesticks can give a signal in advance of much other market action. Candlestick charts are a popular chart choice among traders, because of the wide-range of trading information that they represent. Candlestick charts are also easy to read and interpret. Candlestick charts consist of a body (fat part of candle) and tails or wicks (thin lines above or below the body). Technical traders are confronted with many choices when it comes to charting. More often than not Forex charts are defaulted with candlestick charts which differ greatly from the more traditional bar chart often used in other markets.