At first glance, you’ll notice two types of candlesticks: Hollow (Light) candlesticks - close price is greater than the open price, indicating buying pressure Filled (Dark) candlesticks - close price is less than open price, indicating selling pressure Clear as black and white, wouldn’t you agree? Now that you have this part down pat, you’re ready to learn about the Bulls and the Bears.
Now that you know what a candlestick is, we can talk about how they essentially determine how you attack the market. | 1-80 | Understanding the Language of the Market Bulls, Bears, buyers, sellers…is anyone else confused? Don’t get your trendlines in a bunch it’s easier than you think. Copyright ©2015 Market Traders Institute, Inc. Candlestick formations allow you to find setups, determine market direction and identify optimal entry and exit points that could help you execute profitable returns consistently in your trades. Why do you need to know Candlesticks like the back of your hand? Because knowledge could give you the upper hand when the Bulls and the Bears are in the middle of a market smackdown. We’re talking about Japanese Candlesticks - the market signal that shows the battle between the Bulls (buyers) and the Bears (sellers) over a certain amount of time. No, we’re not talking about the kind you pick up from that fancy candle store to set the mood on date night. Before we get down to the nitty-gritty, (spoiler alert: awesome candlestick formation images are coming your way) it’s important for you to understand what a candlestick actually is.
How to Spot Candlestick Formations in Any Market & What to Do Once You Spot Them WHAT IS A CANDLESTICK? A candlestick depicts the battle between Bulls (buyers) and Bears (sellers) over a given period of time.
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