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reading candle Intro - better audio
Hello Traders, welcome and today I am going to be talking about candle sticks which are very fundamental to technical analysis. Many people skip this step but I think this is very critical to success in reading the patterns and market signals.
The body of the candle stick is determined by the opening price and the closing price of the entity. Any time period can be represented by a single candlestick. For example the green bullish candle stick can represent a week, month, year or a min. A green candle stick represents a Bulli shish candle stick – which means the price moved higher in the time period of the candle stick.
The upper wick on the candle stick represents the highest price that was achieved in the time period of the candle stick. The lower wick likewise represents the lowest price in the time period.