Experience 3:
The first part of the technical analysis is about reading and understanding the chart. Specially to know about candle stick formation. As this is for beginners, i will show you how candle stick chart is formed.
There are more types of candlestick chart patterns. but first of all, we should know how candlestick is formed. and then easily we can understand about other types of candles in the upcoming lessons
The white candle indicates the positive closing of the commodity
The Black Candle indicates the negative closing of the commodity
These candles can be applied and seen for every 5 minutes, 15 minutes , 30 minutes or daily basis, or for any time which is required by traders using amibroker or other softwares
If you are able to understand the formation of the candlestick, next we can see about finding support and resistance for crude oil every day without any confusion
Regards
Vinoth
Tamil Trader
The first part of the technical analysis is about reading and understanding the chart. Specially to know about candle stick formation. As this is for beginners, i will show you how candle stick chart is formed.
There are more types of candlestick chart patterns. but first of all, we should know how candlestick is formed. and then easily we can understand about other types of candles in the upcoming lessons
The white candle indicates the positive closing of the commodity
The Black Candle indicates the negative closing of the commodity
These candles can be applied and seen for every 5 minutes, 15 minutes , 30 minutes or daily basis, or for any time which is required by traders using amibroker or other softwares
If you are able to understand the formation of the candlestick, next we can see about finding support and resistance for crude oil every day without any confusion
Regards
Vinoth
Tamil Trader