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| PDF Title : | Getting Started in Stock Investing and Trading |
|---|---|
| Total Page : | 372 Pages |
| Author: | Michael C. Thomsett |
| PDF Size : | 8.8 MB |
| Language : | English |
| Source : | wiley.com |
| PDF Link : | Available |
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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
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