June 2006
Beginner
352 pages
7h 6m
English
book
Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
by Michael N. Kahn
Content preview from Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
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Reading Candlesticks
Like a bar chart, the daily candlestick line contains the open, high, low, and close for the market on a specific day. However, unlike a bar, the candlestick has a wide part that is called the “real body.” It represents the range between the open and close. When the real body is black (i.e., filled in), it means the close was lower than the open. If the real body is white (i.e., empty), it means the close was higher than the open. See the candlestick illustrations in Figure 33.1.
Figure 33.1. Candlesticks
The thin lines above and below the real body, which resemble the wicks of the candle, are called the “shadows.” The ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.