Basics of Candlestick Pattern

A candlestick is a way of displaying information about an asset's price movement. Candlestick charts are one of the most popular components of technical analysis, enabling traders to interpret price information quickly.

What is Candlestick ?

The Body, The Wick, or Shadow, The Colour.

Candlestick has three basic features:

Ø Open: The price at which the asset opened during the given time frame. Ø Close: The price at which the asset closed during the given time frame. Ø High: The highest price reached during the given time frame. Ø Low: The lowest price reached during the given time frame. 

Components of a Candlestick:

Single Candlestick Patterns এবং Multiple Candlestick Pattern

Types of Candlestick Pattern:

Bullish- Hammer, Inverse Hammar, Doji, Spinning Top, Marubozu Candlestick. Bearish- Shooting Star, Hanging Man 

I. Single Candlestick

Bullish/ Bearish- Engulfing Pattern, Harami Candlestick, Piercing Candlestick Pattern, Dark Cloud Candlestick, Morning Star, Evening Star 

Il. Multiple Candlestick Pattern 

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