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Candle Sticks Essay

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Candlesticks Charts Explained

Copyright © M.Shahzad Ahsan, 2013. All rights reserved.

Introduction
• Candlesticks used for Technical Analysis • The major component of a candlestick is the body

Copyright © M.Shahzad Ahsan, 2013. All rights reserved.

Candle Stick Types 1) Long Periods Indicating that the market movement was primarily one-directional during the same period.

Copyright © M.Shahzad Ahsan, 2013. All rights reserved.

2) Short Periods Indicate that there was very little price movement

Copyright © M.Shahzad Ahsan, 2013. All rights reserved.

3) Marubozu Green: It generally comes at the start of a continuation bullish trend, or a bullish reversal pattern. Red: A red Marubozu has a long red body and comes at the start of a continuation bearish trend or indicates a trend reversal.

Copyright © M.Shahzad Ahsan, 2013. All rights res...

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