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Candlestick charts are a simple way to convey stock’s open, close, high and low price for the specific time frame chosen. Also known as Japanese candlesticks, they originated in the 1700s to ...
Understanding how to read a candlestick chart can be a real asset during your investment journey. With that in mind, we'll break down the basics for you here.
The world of financial markets can shift in moments, and newcomers often find themselves drowning in a sea of numbers, charts ...
Candlestick charts have become popular as the major chart of choice for traders. This has occurred not only because candlesticks are easy to read, but also because free Internet charting has made ...
Candlestick charts are a popular charting technique commonly used in forex trading to depict the exchange rate movement of currency pairs over a specific period.
In 2001, analyst Steve Nison brought Japanese candlestick charts to the attention of the Western world with his book, Japanese Candlestick Charting Techniques. How To Read a Japanese Candlestick Chart ...
A move past the upper trendline would signal the end of the bull breather, potentially yielding a rally to record highs above ...
Every chart you have seen from me has been a Japanese candlestick chart. Like many professional traders, I favor these charts because of the story they tell over and above your basic bar chart.
Line charts and bar charts are used in all types of charting, but candlestick charts are exclusive to securities analysis. A single candle formation on a candlestick chart conveys several data points.