SigmaForex Plans For Real Trade

what is a candlestick?

More than 200 years ago, the Japanese were using their own style of technical analysis in the rice market. This style evolved into the candlestick technique now used worldwide.

Candlestick charts are a useful stand alone tool.They can be merged with other technical tools to create the ultimate fighting technique. Certain candlestick combinations may imply a period of consolidation. Others may hint of a forceful price move.Candlesticks are formed using the open, high, low and close.If the close is above the open, then a hollow candlestick (usually displayed as white) is drawn.If the close is below the open, then a filled candlestick (usually displayed as black) is drawn.The hollow or filled portion of the candlestick is called the body (also referred to as the “real body”).The long thin lines above and below the body represent the high/low range and are called shadows (also referred to as wicks and tails).The high is marked by the top of the upper shadow and the low by the bottom of the lower shadow.

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