Even though the structure of candlesticks is different from that of bar charts, it is easy to combine candlesticks with the technical chart analysis. By focusing on the relationship between open and close prices, candlesticks show how market forces change during market hours. This often indicates the short-term momentum in different products or markets.
Candlestick charts are based on the same market data as regular bar charts but present that data in a different way. The components of candlestick charts are the opening price level, the closing price level, the high price, and the low price of any data compression rate, be it weekly, daily or intraday data.
I've found one interesting video which is very interesting at the basic level.
I will try to include more insights in Candlestick pattern.
Cheers
Chirag CM
Candlestick charts are based on the same market data as regular bar charts but present that data in a different way. The components of candlestick charts are the opening price level, the closing price level, the high price, and the low price of any data compression rate, be it weekly, daily or intraday data.
I've found one interesting video which is very interesting at the basic level.
I will try to include more insights in Candlestick pattern.
Cheers
Chirag CM
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