Ads
related to: candle wick reading with volumewalmart.com has been visited by 1M+ users in the past month
Search results
Results from the WOW.Com Content Network
Red candles show that the current close price is less than the previous close price. Green candles show that the current close price is greater than the previous close price. A candlestick need not have either a body or a wick. Generally, the longer the body of the candle, the more intense the trading. [3]
A series of candles rising with no lower wick signifies a strong uptrend, and vice versa with candles falling with no upper wick. [12] A doji signifies a possible change in the price trend. The chart shows the direction and trend of price. Heikin-Ashi is normally paired with other indicators to indicate long (buy) and short (sell) positions. [10]
Reading Footprint candles [ edit ] The numbers on the left hand side of a footprint candle show the volume/amount of sell orders executed, the numbers on the right side of a footprint candle show the volume/amount of buy orders executed, footprint candles are read diagonally up, and to the right.
All you need to do is trim the wick on your candle (when it’s no longer burning). You can find a wick trimmer on Amazon for less than $10 , if you don’t already have one.
The filled or hollow portion of the candle is known as the body or real body, and can be long, normal, or short depending on its proportion to the lines above or below it. The lines above and below, known as shadows, tails, or wicks, represent the high and low price ranges within a specified time period. However, not all candlesticks have shadows.
People who burn candles frequently know that the process works best if you trim the wick. If a wick is too long, the combustion process sometimes gets thrown off, says the candle company Homesick .
Ads
related to: candle wick reading with volumewalmart.com has been visited by 1M+ users in the past month