BOOK OF CANDLESTICK PATTERNS

Why study candlestick analysis?
The price of a security may seem unexpected as it increases and decreases over time. Successful traders and technical analysts, however, have discovered that historical prices have a tendency to repeat themselves as well as some patterns in the movement of prices. As a result, previous levels of the open, high, low, close, and volume can be used to predict where the price is headed as well as whether the security is overbought or oversold. Candlestick analysis is one of the technical instruments they use for this.

HOW TO READ CANDLESTICK CHART

A candlestick chart is a form of trading chart that shows the past and present price movement across a range of time periods. Each candlestick has a trading range of a few minutes, a day, a week, or a month, depending on the time frame of the chart. A candle may indicate a time interval of one minute, five minutes, fifteen minutes, or an hour on an intraday chart. Candles that reflect the trading range for each day are shown on a daily. Candles that indicate the weekly trading range are shown on a weekly chart. Candles that depict the trading range for each month are shown on a monthly chart. Be aware that a daily candle will alter during the day as the range shifts and the price settles at a final, closing price. Similar to this, the candles throughout the week and the middle of the month are continuously shifting and are not complete until the time period closes. The candle for that period is finished at the end of the day, week, or month.

A candlestick comprises of a body and an upper or lower wick or shadow. The majority of candlestick charts display a higher close than the open as a green or white candle. the initial price as the candle's low and the ending price as its high. In addition, the majority of candlestick charts display a lower closure than the open as a red or black candle, with the starting price representing the candle's body's top and the closing price its body's bottom.



Benefits of candlestick analysis

Candlesticks provide trading indications far sooner than many other indicators and well ahead of market fluctuations.
Visual communication is a strong point of candlestick charts. You may learn a lot about the state of the market from the color, shape, size, and placement of the candlesticks' bodies, which also serve as crucial inputs for trading choices. As a result, you have a higher chance of succeeding in the market.
What does this book do for you?
Many people are discouraged from studying candlesticks because of the false notion that it takes time. With the help of this book, learning and using candlestick analysis is simple. This book will assist specialists in brushing up and making regular profits in trading stocks, derivatives, forex, and cryptocurrencies. It will also assist beginners in learning from the very beginning to the most sophisticated levels.

and a lot more!

By the time you finish reading this book, I believe you'll concur that the majority of traders use candlestick charts for trading price action patterns.

The reader may be confident that reading this book will considerably increase his trading ability and provide a high win rate since it contains everything a trader needs to know about candlestick trading.