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Candlestick Chart Analysis [Part1]

This article and video contains information about Candlestick chart’s analysis.

By the help this video, you can understand about opening and closing concept of up and down side candle stick pattern as well as how to know that, the market will react in coming trading day.

Generally we are dividing the candle in 5 parts.

  • If the candle is closing in area of 5, then it’s a sign for upward direction. (Very bullish)
  • If the candle is closing in area of 4, then it’s a sign for upward direction. (bullish)
  • If the candle is closing in area of 3, then it’s a sign for neutral. (It may go up or down)
  • If the candle is closing in area of 2, then it’s a sign for downward direction. (bearish)
  • If the candle is closing in area of 1, then it’s a sign for downward direction. ( very bearish)

NOTE: –

I am sharing some books name, which will help you to know more about Candlestick Pattern as well as Technical Analysis.

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