Guide To Candlestick Patterns For Improved Trading Decisions
Candlestick patterns have been used in the share market technical studies for centuries. These patterns tell traders about market sentiment and price movements, helping them make better decisions. Mastering these patterns can help you navigate the complex financial markets. This post covers the most significant candlestick patterns any trader should know and how to use them to profit.
How to Read Candlestick Patterns?
Candlestick patterns are pictures that show how prices have changed over a certain amount of time. They are usually shown on trade charts used by the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India. There is a body and flames (or shadows) that stick out from the body of each candlestick.
The wicks show the high and low prices during the...