Getting Familiar with Candlestick Charting and Technical Analysis
In this part . . .
I don’t know of any traders or investors who’ve taken the time to fully understand candlestick charting and then not used the techniques in their trades. After you’ve taken the time to grasp candlestick basics, it’s tough to deny their advantages over other types of charts, and the profits can certainly speak for themselves. But the basics must come first, and that’s what Part I is all about.
I begin this part by setting candlesticks in context with several other types of charts, so you can get a feel for candlestick benefits. After that, I explain the price action and signals that candlestick charts generate, and I show you how a candlestick is constructed and what its variations can mean. To close Part I, you look at the range of electronic resources available for candlestick charting, which you can exploit with just a few clicks of your mouse.