Stock Trading - Candlestick Charts
Each candlestick has a body, which indicates the price range between opening and closing prices, and wicks (shadows) that show the highest and lowest prices during the period. Candlestick patterns, such as Doji, Hammer, Engulfing, and Morning Star, provide insights into market trends and potential reversals. By examining these patterns, along with volume and support/resistance levels, traders using Options2Wealth can make informed decisions about buying or selling assets. The chart reading experience is enhanced by recognizing these patterns and trends, allowing traders to anticipate market movements and adjust their strategies accordingly.
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