Few people can understand what seems to be a simple candlestick chart. If you don't even understand candlesticks in stock trading, how can you avoid losing money? I've compiled the most comprehensive basic knowledge of candlesticks, and I recommend saving it!
Introduction to Candlesticks: A candlestick chart, also known as a Japanese candlestick, Yin-Yang line, bar chart, red-black line, etc., is drawn based on the opening price, highest price, lowest price, and closing price of each analysis period. If the closing price is higher than the opening price, the candlestick is called a bullish candle, represented by a hollow body. Conversely, it is called a bearish candle, represented by a blue body. Weekly, monthly, or yearly charts can also be drawn based on price data.
Basic candlesticks are an indispensable step in our journey of stock trading. Trends are judged through candlestick patterns. If stock trading is a martial art, then candlesticks are the most basic techniques. If you don’t even understand the most basic techniques, how can you reach the pinnacle of martial arts?
Today, I have compiled some classic candlestick patterns. To facilitate understanding and saving, I have specially made them into images. For those who do not know how to pick stocks, take them and study slowly; I believe it will help your stock trading journey.
These are the summaries of my practical experience and techniques from years of stock trading. They may not be suitable for everyone and need to be combined with personal practice for effective use.
Creating original content is not easy. I am Fa Gen, and I share valuable content for retail investors every day! With a soulful approach and skillful stock management, the above content is based on my more than ten years of experience in the market, continuously summarized and reflected upon to achieve today's results. It may seem simple, but achieving a unity of knowledge and action is not easy. I hope to help many investors avoid detours!
