How To Read Candle Stick Charts | Penny Stocks for Beginners
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Hey Students! Today’s video lesson covers the most basic principle of Technical Analysis; How To Read Candle Stick Charts Compared to traditional bar charts, many traders consider candlestick chart much easier to process information with. Each candlestick provides an easy-to-decipher picture of price action. Immediately a trader can compare the relationship between the open and close as well as the high and low. The relationship between the open and close is considered vital information and forms the essence of candlesticks. Green candlesticks, where the close is greater than the open, indicate buying pressure. Red candlesticks, where the close is less than the open, indicate selling pressure.
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