Candlesticks Basics - 2

In this part 2, the speaker continues the discussion of candlestick charts.  He talks through how candlestick charts can explain the sentiment in the market, bullish or bearish.  Green bars indicate a bullish tone while red candles indicate a bearish tone.  He covers some specific candlestick setups, such as the hammer, inverted hammer, and doji and talks through whether they have a bullish or bearish significance. 

Looking at the size of the tails is important as it describes how far the price closed above or below the high and low of the day. 
Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...
Day Trading Simulator provides the ability to simulate day trading 24 hours a day from anywhere in the world. TradingSim provides tick by tick data for...

Send this article to a friend.

Enter multiple addresses on separate lines or separate them with commas.