Candle stick chart pattern It is very important for a trader and investor to know the candlestick pattern because through it we can find out whether the market will be bullish, bearish or volatile in a range or not. We can find out this very easily from the candlestick pattern. For this it is very important for us to have candlestick patterns.
We may see different formations of candles in the chart on different time frames. It depends on us whether we are trading or investing. If we are trading then 5 minutes or 15 minutes time frame is right. And if we are investing, if we do swing trading then it is better to look at the chart for 1 hour or 1 day and if we buy stocks for long term then it is better to look at the chart for 1 day or weekly. It is considered correct to observe the time frame.
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Which time frame best to view trading charts?
You will be able to make the right forecast by using the right candles on the right time frame.
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We may see different formations of candles in the chart on different time frames. It depends on us whether we are trading or investing. If we are trading then 5 minutes or 15 minutes time frame is right. And if we are investing, if we do swing trading then it is better to look at the chart for 1 hour or 1 day and if we buy stocks for long term then it is better to look at the chart for 1 day or weekly. It is considered correct to observe the time frame.
GREEN/RED CANDLE STICK
As the name suggests, it contains a candle, which tells about the activities happening in the market.
By looking at a candle, we predict what may happen in the market, which is as follows: –
1.Doji
2.Hammer
3.hanging man
4.shooting star
5.spinning top candle
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Types of candlesticks.
We can divide Candle List Candlestick Patterns into three parts –
1.Single Candle Stick Pattern
2.Double Candle Stick Pattern 3.Triple Candle Stick Pattern
As is clear from the name Triple Candlestick Pattern, in this we look at three candles and predict what may happen next in the market. By using this well, we can further increase the profit in business.
Which can be as follows:-
1.Morning Star
2.Evening Star
3.Three White Soldiers
4.Three Black crows.