Candlestick chart

Candlestick chart patterns are exceedingly popular in forex trading because of their dynamic features and versatility.On all charts, users can toggle between line, bar and candlestick chart view.

Candlestick Charts are usually very colorful charts as compared to conventional charts.

Different colors are used to indicate different nature of price movement.Four prices are of utmost importance in constructing the Candlestick Chart- High, Low, Open, and Close.
Each candle consists of two parts: the body and the shadows.The body reflects the open and closing price for the certain period.If the candle body is black the close price is below the open, and white if the close is higher than the open for the period.

If you think that the candlestick charts are difficult to comprehend you are wrong.All you would need is to learn the means of represent ting the charts in the forex market

Few tips for candlestick charts and their interpretation in the forex market can be:


1. A Black Candlestick -- when the close is lower than the open.
2. A White Candlestick -- when the close is higher than the open.
3. A Shaven Head -- a candlestick with no upper shadow.
4. A Shaven Bottom -- a candlestick with no lower shadow.
5. A Spinning Tops -- an equilibrium between the bulls and the bears (either white or black).
6. A Doji Line - a very close Open and Close?doj.