#Knowledgenuggets

#Technicals #Candlestick
1. First & foremost thing is to know how many types of candles are formed by any security ( Doji, Bar)
2. Second thing is to know description of that candle ( Bullish/Bearish
3. Third thing is to know break down of that candle

#Knowledgenuggets

#Technicals #Candlestick
Any candle formed by security has 4 components ( Open—Close, Low-Highl)
A candle is formed once the fight b/w 2 emotions (Buy-Sell) is got over in a certain time frame
Green signals bullish & Red signals bearish momentum

#Knowledgenuggets

#Technicals #Candlestick
Just learn the candles name like you print the image in mind
Once you identify the candle break it down further to get detailed info about the move
Like breaking an hourly candle into four 15m candles to know the momentum

#Knowledgenuggets

#Technicals #Candlestick
Once you know the candle names next step is to know different kind of patterns formed by these candles
There are 3 types patterns formed by candles as shown in the picture
Patterns can be seen on any time frame chart (D,W)

#Knowledgenuggets

#Technicals #Candlestick
To learn & excel in candlestick the most important thing is do is practice
We need to develop a habit of analysing candlestick patterns on 20—30 charts daily
With that practice we get better day by day, week by week

#Knowledgenuggets

#Technicals #Candlestick
Pattern tells us the same direction on chart in any time frame..
For intra day use 5,15 minutes
For positional use 1hr, 2 hrs
For short term use daily
For medium term use weekly
For long term use monthly & quarterly