Candlestick Essay
CHARTS MAY BE DEAF AND DUMB BUT THEY COMMUNICATE PERFECTLY.
“The real key to making money in stocks is not to get scared out of them.”
- Peter Lynch Candlesticks are graphical representations of the price action of the market. A candlestick can represent any time or period. A person that trades will have software that provides the charts representing different time rates from one minute up to one month.
Candlestick charts are a visual way to view your stock platform. Candlestick signals were invented by the Japanese rice traders a long time ago. I’m going to show you the most important signals for me. I feel they are are eight of them.
I have highlighted what I feel are the most important candlestick patterns. Instead of putting an example after each one, I’m going to recommend you look for the example in life chart on www.stockfetcher.com. On this site they have excellent examples of the different candlestick patterns on old and current charts, you simply press on the example of the
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What is a Doji? It is a stock that opens up at one price and closes at the same price irregardless of the stock price moving of the day. Doji, with a gap up the next day or a gap down, it’s the best signal I have found. I call it the Turbo Charts …show more content…
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