A candlestick depicts the battle between Bulls (buyers) and
Bears (sellers) over a given period of time.
Before we get down to the nitty-gritty, (spoiler alert: awesome candlestick formation images are coming your way) it’s important for you to understand what a candlestick actually is.
No, we’re not talking about the kind you pick up from that fancy candle store to set the mood on date night. We’re talking about Japanese Candlesticks — the market signal that shows the battle between the Bulls (buyers) and the Bears (sellers) over a certain amount of time.
Why do you need to know Candlesticks like the back of your hand? Because knowledge could give you the upper hand when the Bulls and the Bears are in the middle of a market smackdown. Candlestick formations allow you to fnd setups, determine market direction and identify optimal entry and exit points that could help you execute proftable returns consistently in your trades.
By anonymous...
