Cryptocurrency Q&A
How do candles work in trading?
How do candles work in trading?
GangnamGlamourQueen
Sun Dec 15 2024
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5 answers
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I'm trying to understand how candles are used in trading. I know they represent a specific time frame and show the open, close, high, and low prices, but I'm curious about how traders interpret and use these candles to make decisions.
5 answers
Martina
Tue Dec 17 2024
Additionally, the color of the body can be either red or green, typically representing a decrease or increase in price, respectively.
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CryptoPioneer
Tue Dec 17 2024
A candlestick graph visualizes the price dynamics of a stock by illustrating key price points.
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RobertJohnson
Tue Dec 17 2024
Specifically, it highlights the highest and lowest prices the stock reached during a given period, as well as the opening and closing prices.
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Valentino
Tue Dec 17 2024
The body of the candlestick can vary in length, indicating the range between the opening and closing prices. A long body suggests significant price movement, while a short one indicates minimal movement.
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QuasarGlider
Mon Dec 16 2024
Shadows, or wicks, extend from the body and represent the price points at which the stock traded before and after reaching the opening and closing prices. Their length can also vary, providing further insights into market sentiment.
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