Lesson 4 – Candlesticks

Inviato il 9 November 2008 da Forex Staff

What are Candles or CandleSticks? Candles are figures that have information regarding the movement of prices of the Pairs during a certain time frame. Each candle has: Each candle repreents 24 hours on a daily chart, Each candle represents 60 minutes on a 1 hr chart, Each candle represents 240 minutes on a 4 hr chart, You get the idea... A Black or Green candle means that in the period being evaluated, the market gained value. A White or Red candle means that in the period being evaluated, the market lost value. The main objective of candlestick patterns is to identify potential market reversals or other price patterns ...