Learn Price Action TRADING – Candlestick Patterns and Chart Patterns. Know your Entry-EXIT-Stoploss

Learn Stock Market Trading- Technical Analysis aspects in the Right Way.

What is a Candlestick Chart and the Patterns? A Japanese Candlestick chart is the right way of presenting the price action over a specific time period. The Candlestick chart is one of the most popular chart types among traders. Which is developed in Japan in the 17th century to analyze the price movement of rice. Munehisa Homma was a rice trader at that time and was considered the pioneer of this method. According to Steve Nison, this method has possibly been used since the 1850s. Steve Nison himself was one of those known to popularize the analysis method using candlestick patterns to the West with his book: “Japanese Candlestick Charting Techniques”.

Importance of Candlestick Patterns:

• Candlestick patterns are used to know the Buying / Selling pressure at the crucial levels near the Support and Resistance zones.
• Candlestick patterns are used to know the Buying / Selling pressure at the crucial levels near the Support and Resistance zones.
• Candlestick patterns are rightly used with the volume spread analysis.
• They are easy to comprehend.
• Patterns are easy to identify.
• They can be used in conjunction with other Indicators.
• Provide a much more detailed description of the occurrences and happenings in the market, and interactions between buyers and sellers as compared to traditional charts which provide minimal information what are Chart Patterns?¨Ever looked at the chart of a stock or commodity? Most likely, you have. Just about everyone who has ever analyzed security takes a look at the price movements of the past month, quarter, year, etc. And for good reason: charts can provide a lot of information in a small amount of time. The chart reader also can determine the volatility of the company’s shares by looking at the movements on the chart. Before the advent of computers and data feeds, chart users were often misrepresented as a bizarre group of individuals huddled in the recesses of the brokerage house as they added the latest data point to their closely coveted charts. A single chart has the ability to display a significant amount of information. More conceptually, charts are an illustration of the struggle between buyers and sellers. While this point is debatable between the schools of investment like technical, fundamental, and efficient market analysis, technical analysis assumes that:
  1. Prices discount everything,
  2. Prices move in trends, and
  3. History repeats itself.
• Assuming the above tenets are true, charts can be used to formulate trading signals and can even be the only tool a trader utilizes.
• Chart patterns signal to traders that the price of a security is likely to move in one direction or another when the pattern is complete.
• There are two types of patterns in this area of technical analysis:
  1. REVERSAL
  2. CONTINUATION
• A reversal pattern signals that a prior trend will reverse on completion of the pattern. Conversely, a continuation pattern indicates that the prior trend will continue onward upon the pattern’s completion. Why Finwings Stock Trading Academy:
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