How To Read Candlestick Charts
ContentsCandlestick chart patternsBullish HammerHammer Candlestick FamilyHow to Read Candlestick Charts (Beginner’s Guide) Based on how the candlesticks are located, you can anticipate the future price movement. The wick of the candlestick represents the price high and low over a particular period. When analysing a candlestick chart, it is also important to take into account the time intervals of emerging candles or the so-called timeframes. In a bearish engulfing, a green candle is followed by a larger red one. In a bullish engulfing, the larger second candle is green instead. Today, their full name, Japanese candlesticks, reflects that. The body is the major component of a candlestick, and it's easy to spot because it's usually large and colored. Trading CFDs and FX on margin carries a high level of risk that…