๐ง๐ฅ๐๐๐๐ก๐ ๐๐๐ก๐๐๐๐ฆ๐ง๐๐๐ ๐ฃ๐๐ง๐ง๐๐ฅ๐ก๐ฆ !๐
~๐ฐ ๐๐๐๐๐๐~๐งต
๐ฟ๐๐๐๐๐ ๐๐-๐๐ ๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐ ๐๐๐๐๐ ๐ค
@ProdigalTrader @SouravSenguptaI @PAlearner @Puretechnicals9 @caniravkaria @MrigankPuri @nison_steve @chartmojo
(1/18) In this thread, l'll try and talk about candlestick patterns, what they are, how they work, and why you donโt need to memorize any particular pattern to gauge the supply and demand of market.
(2/18) Itโs said that Japanese candlestick patterns originated from a Japanese rice trader called ๐๐ถ๐ฏ๐ฆ๐ฉ๐ช๐ด๐ข ๐๐ฐ๐ฏ๐ฎ๐ข during the 1700s. Later, this concept was introduced to the Western world by Steve Nison, in his book, 'Japanese Candlestick Charting Techniques'.
(3/18) Every candlestick pattern has four data points:
๐ข๐ฝ๐ฒ๐ป: The opening price.
๐๐ถ๐ด๐ต: The highest price over a specific time period.
๐๐ผ๐: The lowest price over a specific time period.
๐๐น๐ผ๐๐ฒ: The closing price.
Hereโs an example:
(4/18) Now a thing to note is that candlestick patterns maybe both bullish or bearish and there are single candlestick patterns, two candlestick patterns and even three candlestick patterns.
๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐:
