Bullish / Bearish candlesticks: Suppose you want to trade in 1 Hour time frame. Notice when 59 minutes and then 00 to a new candle is starting. Now watch if the market price upping then you see candlesticks is growing up.So after 1 hour later your watching candle will be ended. Now questions where is the open and close price 1 hour time frame? Yeah if the candlesticks are bullish then 1st is the open price and last is the close price. (Look at the attach chart) If the candlesticks are bearish then vice versa. Have you ever eaten an ice cream ? Has it any stick ? Yeah right candle has a stick like that and it is called shadow. So open & close price is varying from time to time frame. Mostly uses daily open and close price. Remember it... Most important>>>>>
Watch please please candlesticks carefully. You will be learning Forex market sentiment dramatically if you stick with candlesticks on your chart.
Do candlesticks mark us market movement? Yes of course. At the first stage Japan trading Forex with candlestick chart. They didn't use bar or graph chart. They are trying to understand for price movement now or near or future price movement with these sticks while eastern countries just use bar charting in the meta trader.
Today this market you have found many types of candlesticks with formation or figure. So many candlestick patterns now used for trading or market analysis better. It is mostly used.
In the above my chart I just recognize some of them. You have to learn more candlesticks patterns and about their behaviors.
I will be attaching a couple of famous books for only candlesticks (Reference book ) learning. Be happy. Enjoy learning....
*1st book link https://www.dropbox.com/s/4eadfkk62pezhkg/Profitable%20Candlestick%20Trading.pdf
*2nd book link https: //www.dropbox.com/s/nva6ftv5ub1vspt/Japanese Candlestick Charting Techniques [1991 330p S. Nison] [Trading ebook].pdf
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You are always welcome and thanks a lot.