In General , the longer the body is, the more intense will be pressure on buying and selling and in contradiction to it ,short candlesticks indicates little price movement and represent consolidation. Long white candlesticks show strong buying pressure. The longer the white candlestick is, the further the close is above the open indicateing that prices advanced significantly … [Read more...]
Candlestick Formation
Candlesticks formation has some normas and requirements , which needs to be followed to get the best and desired results. To create a candlestick chart, you must have a data set that contains open, high, low and close values for each time period you want to display. The hollow or filled portion of the candlestick is called "the body" (also referred to as "the real body"). The … [Read more...]