O'Reilly logo

Candlestick Charting Demystified by Wayne A. Corbitt

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 3

Candlestick Construction and Basic Candle Lines

In Chapter 2 different charting styles were explained and contrasted, showing their advantages and drawbacks. This chapter looks at how candlesticks are drawn and shows the meaning of various candle lines.

CHAPTER OBJECTIVES

In this chapter, you will

• Learn how to use data points in candlestick construction

• Understand components used in candlestick construction

• Recognize candle color and body size and their meanings

• Identify classifications of basic candle lines

Candlestick Construction and Components

The most common comparison between charting styles today typically compares bar charts and candlestick charts. Bar charts still have a very loyal following but, as discussed ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required