Understanding Candlestick Chart Time Frames | Chapter 5 | Complete Course
Understanding Candlestick Chart Time Frames | Chapter 5
Candlesticks are widely used. For visual displays, they are quite helpful. Daily bars and relatively short holding periods of one to ten days work well for candlestick charts. Candlesticks are therefore most effective for short-term trading.
Candlesticks exhibit this emotion by using various colours to graphically represent the magnitude of price changes. The candlesticks are used by traders to make trading decisions based on recurring patterns that aid in predicting the near-term direction of the price.
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