Candlestick Chart Analysis: understanding candle charts, interpreting ...

  

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 his video, Candlestick Charting Explained, Greg Morris notes that for a pattern to qualify as a reversal pattern, there should be a prior trend to reverse. Bullish reversals require a preceding downtrend and bearish reversals require a prior uptrend. This will allow you to see a new candlestick every minute, and give you good idea of how they work. Learning how to read candlesticks (or another chart type) is one of the very first steps in learning how to day trade. This charting technique has become very popular among traders. One reason is that the charts reflect only short-term outlooks, sometimes lasting less than eight to 10 trading sessions. Candlestick charting is a very complex and sometimes difficult system to understand. A candlestick chart is a style of financial chart used to describe price movements of a security, derivative, or currency. Each "candlestick" typically shows one day, thus a one-month chart may show the 20 trading days as 20 "candlesticks". Shorter intervals than one day are common on computer charts, longer are possible. Technical traders look at a bevy of different chart types, including the popular candlestick chart. Here's a closer look. The Candlestick chart is plotted with a data set that contains Open, Close, High and Low values for each time period you want to plot. Learn how to interpret Candlestick charts along with various examples of Candlestick chart. Candlestick charts are used almost exclusively throughout the Forex market. Learning how to read them, is an important skill for any trader to master.