Technical Analysis: Candlestick Charts (Part 1)
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Technical Analysis: Candlestick Charts (Part 1)

Intuition Publishing Pty Ltd
Updated Sep 25, 2020

Candlestick charts are a visually intuitive chart type that have become increasingly popular in recent years as a means of representing market price action. At a glance, they give the opens, closes, highs, lows, and market direction, and to more knowledgeable practitioners, can give signs of potential future price moves. We look at the history of candlestick charts, and illustrate their formation using an animation. We then discuss some basic candlestick patterns, such as the doji, the spinning top, the dragonfly, the gravestone, the hammer, the inverted hammer, the hanging man, and the shooting star.

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