Archive for May, 2010

Understanding Candlestick Charts

In order to establish a candlestick chart, you must have a data set that incorporates open, high, low and close values for on every occasion period you would like to display. The hollow or filled percentage of the candlestick is called “the body” ( likewise known as “real body”). The long thin lines above and below the body represent the high/low range and are called

Successful Trading Chart Patterns – Part 2 of 7

Continued From Part 1

5. Bull Pennant

Close to the bull flag, bullish pennants involve two important elements – 1. a near vertical, high volume short-term price jump, or flag pole, and 2. a symmetrical, lower-volume triangle-shaped consolidation. This consolidation, with price maneuvering toward a single equilibrium, has a corresponding price action and end implications…………….

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