July 2015
Intermediate to advanced
352 pages
9h 40m
English
book
A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
by Michael C. Thomsett
Content preview from A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced ProfitsBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Long Candles
To begin, one of the most recognizable of all candlestick signals is the single-session long candle. This is a session with a larger than average distance between opening and closing. The candlestick consists of a rectangle, which is called the real body. The bottom of the white candlestick’s real body is the opening price for that session, and the top is the closing price. This is an upward-moving day. On a black candlestick (a downward-moving day), the opening price is the top horizontal line and the closing price is the bottom.
The color distinctions make a chart easier to read, and finding long candlesticks is easy because they stick out. However, “long” is a relative term. A chart with one-point scaling can report a long day ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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