Description

Why candlesticks? A stock’s price may look unpredictable as they rise and fall over a while. But technical analysts have found that there are some patterns in the movement of prices and hence the previous levels of open, high, low, close and volume can be used to determine where the prices are heading to. For this purpose, they employ many technical tools, and candlestick analysis is one of them.

Advantages of candlestick analysis

• Candlesticks provide trade signals well in advance of price movements and earlier than many other indicators.
• Candlestick charts are visually communicative. The colour, shape and size of the body of candlesticks provide you with valuable information about the market condition and essential inputs to trade decisions.

What does this book do for you? This book makes it extremely easy to learn and practise candlesticks trading in a short span of time. The book teaches from basics to advanced level candlesticks trading, which will help newbies learn and experts to brush up and make money in trading stocks, commodities, forex and cryptocurrencies.

About the selection of the candlestick patterns: The author has chosen for this book 14 candlestick patterns that have been found to provide to traders over 85% of trade opportunities emanating from candlesticks trading and a win ratio of 80%.

The book consists of two parts: Part-I is for beginners. It explains the anatomy and body language of candlesticks.Part-II explains the structure of the 14 candlestick patterns and the logic behind each of them. It guides how to spot the patterns immediately on their occurrence, interpret them and take buy-sell decisions based on their signals.