How To Read Candlestick Chart
How To Read Candlestick Chart. If the upper shadow on a down candle is. Each candle consists of the body and the wicks.
So, here's how to read a candlestick chart for day trading: A candle has four points of data Open - It is the upper end of the candle body, and it denotes the first trade at the time specified by the candle. Upper and lower shadows show the price high and low. Low Price The low is indicated by the bottom of the shadow or tail below the body.
If it's red or black, it's going down.
Each Candlestick, as we previously saw, displays the stock's opening price, closing price, highest trading price, and the lowest trading price for that specific day.
The lines stretching from the top and bottom of the body are the wicks. High - It is the tip of the upper shadow, indicating the highest traded price. This candlestick shows opening and closing prices.
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Richard Carsons
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