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Lesson-6 Candle Stick Session.ppt

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Lesson-6 Candle Stick Session.ppt

  1. 1. What is Candlestick Pattern 1. Candlestick charts are used by traders to determine possible price movement based on past patterns. 2. Method of reading price charts 3 OPEN-HIGH-LOW-CLOSE
  2. 2. How to read candlestick patterns
  3. 3. The candlestick movements
  4. 4. Combined Candlestick Patterns
  5. 5. How to trade Candlestick Patterns • Find Area of Support & Resistance • Area of Value
  6. 6. Candlestick Developed in the 18th century by a rice trader, this trading technique generates signals according to the relationship between open, high, low, and close prices. It includes an insightful blend of candlesticks with traditional technical tools using candles, chart patterns, and indicators. As a very first step, traders have to choose a candlestick as their chart type and then carry forward its implementation
  7. 7. Strength Of a Candlestick
  8. 8. 5 Important Cndlestick patterns • Bullish & Bearish Engulfing • Hammer & Shooting Star • Dragonfly & Gravestone Doji • Morning & Evening Star • Tweezer Top & Bottom
  9. 9. Bullish & Bearish Engulfing
  10. 10. Hammer & Shooting Star
  11. 11. Drangongly & Gravestone Doji
  12. 12. Morning & Evening Star
  13. 13. Tweezer Top & Bottom
  14. 14. Bulls vs Bear

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