#candlestick analysis

Fibonacci Retracements And Candlestick Analysis

Fibonacci retracements and extensions are known to be fairly reliable indicators when used on their own. Often they will accurately predict the support and resistance lines throughout the trend of security and this will help determine price targets which, if used correctly, can help a trader make an outsized profit.

However, as is that the case with any indicator the simplest results are…

Candlestick Pattern used for weekly trading, reliable but tricky to interpret

BASICS OF STOCK ANALYSIS

It is not possible for a retailer to do fundamental analysis since it is possible for a stronger hand to do that. Instead of forecasting the market it is better to follow the market i.e. Technical approach. Have to trade with knowledge and discipline

Studying the market of the particular stock is called technical analysis.

Day 7 basic of Candlestick Analysis

Candlesticks are Japanese method of technical analysis. It shows the price movements, due to its graphical pattern it is easy to understand the trend.it is useful to predict the future.

Round Four: Technical analysis vs Fundemental analysis.

Today I started with the basics of anlysis i.e. the two main types of analysis: The fundemental and the technical. I also stated which type of analysis is suited to the general public and the strong hands. I also stated their pros and cons. The alluring nature of penny stocks ia explained and why most people eventhough afraid of it still find it hard to resist. Also noted the liquidity of stocks…

CANDLESTICK ANALYSIS PRICE MOVEMENT BASED ON PAST PATTERN (OPEN,CLOSE,HIGH,LOW)