Friday, 21 February 2020

How to understand candlestick charts

Candlesticks Charts

Candlestick chart provides closing price,open, high and low price. There are two two colours of one for up  and other for down.
Candlesticks chart

1.Doji
Doogee is is the part of charts, it indicates the  bull and bear fall. Doji candle gain importance depending on the place where the are formed.it is considered where is if it occur after a long white candle because it indicates that the balls are getting exhausted. Similarly aur doji is formed after a long black candle means the bears are become exhausted and there after it is considered bullish.
Long and short body
Long body long body in a bullish candle means absolute control by bulls. Along bearish candle means beer control and along with bearish.

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