|PDF Title :
|Getting Started in Stock Investing and Trading
|Total Page :
|Michael C. Thomsett
|PDF Size :
|PDF Link :
Here on this page, we have provided the latest download link for Getting Started in Stock Investing and Trading PDF. Please feel free to download it on your computer/mobile. For further reference, you can go to wiley.com
Getting Started in Stock Investing and Trading Book
The first group worth analyzing is the single-stick candle. This is a candlestick of a single day that holds special meaning and also provides valuable insight into the current trend. Single-stick formations include the following: Long candles.
A long candle is any candlestick, white or black, with an exceptionally wide breadth between opening and closing price. A long white candle appearing at or near the bottom of a downtrend is a strong reversal signal; it shows that buyers controlled price action throughout the day.
A long black candle showing up at the top of an uptrend has the same meaning, a likely reversal and start of a downtrend. The long candle may also appear in the middle of a trend. If the color of the candle is consistent with the trend direction (white in uptrends or black in downtrends), it may serve as a continuation day or indicator.
Getting Started in Stock Investing and Trading PDF
Know more about our initiative