Category: 1. Basic Introduction

Depending on the pattern (each pattern can tell a different story), they can be a hint for : Regardless of the pattern(s) you’d like to hunt and trade, you’ll need a reliable source to chart your markets. Tradingview is the best solution for you! As you may have noticed, most of our charts on the site are…

There are three main categories that classify the chart patterns: Each of these patterns have very strict requirements. To help you easily get your hands on each pattern we detailed them in their own article with everything you should know. Of course, you can use these patterns in conjunction together, with other indicators or locations (resistance…

Chart patterns are unique formations formed by changes in the price of securities on the price chart. They are the basis of technical analysis. There are several types of patterns: classic patterns, candlestick patterns and harmonic patterns. As a result, each type has its own specificities. Identify patterns by lines that connect common price points (such as closing prices or…

Candlestick patterns are part of a way to represent market prices : the candlestick charts.The best way to chart candlestick is using the TradingView solution. It lets you chart candlestick and all other charting types and you can try it now for free. A candlestick is a way to represent an aggregation of all the prices traded for…

Look for support and resistance Traders can make use of candlestick charts to look for levels of support and resistance. This is just the way they would with any other chart. Have it in mind that you shouldn’t just look at the opening and closing price. You should also look at the wick because this will…

Candlestick charts help traders know what happens in charts. They have up and down movements in the price. While these price movements can appear random sometimes, at other times, they form charts that investors use to analyze and trade markets. Charts can either be bullish or bearish. Bullish charts show that the price will probably…

This shows the first price traded during the formation of the new candle. If the price begins to trend upwards the candle will turn green/blue (colors vary depending on chart settings). If the price declines the candle will turn red. High price The highest point of the upper wick shows the highest price traded during…

There are three particular points (open, close, and wicks) used in making a price candle. The first points to consider are the open and close prices of the candle. These points identify where the price of an asset starts and ends for a chosen time. They will make the body of a candle. Every candle shows a price…

They came up from Japan and most people believe that a rice trader called Munehisa Homma created them. It is very possible that they developed a lot after their initial use. In the 1700s, the originator found out that while there was a connection between price, supply, and demand for rice. The markets were greatly…

Simply put, a candlestick chart is a chart made up of individual candles, which investors use to understand price action. Candlestick price action has to do with pinpointing where the price opened and closed for that period. It also shows the price lows and highs for a particular time. Price action can give investors of…