New Members: Be sure to confirm your email address by clicking on the link that was sent to your email inbox. You will not be able to post messages until you click that link.
Hi, brand new and am trying to learn Candlestick patterns. I've seen Red and Black and gray all on
the same chart, I've seen green, red, open and filled in black, etc. Where is the best source to learn what chart identifies the differences?
Thank you
Thank you
0
Best Answer
-
These 2 links from the ChartSchool explain some of the basics of Candlestick patterns and the use of colors with StockCharts charts.
Introduction to candlesticks
http://stockcharts.com/school/doku.php?st=candlesticks&id=chart_school:chart_analysis:introduction_to_candlesticks
The colors
http://stockcharts.com/docs/doku.php?st=candlesticks&id=faqs:what_does_a_solid_black_or_hollow_red_candlestick_mean
0
Answers
-
Chart school on SC has a very good introduction:
stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks
For books, check out the bookstore on SC or Amazon. Probably the best known authors are Steve Nison, Greg Morris (SC contributor) and Martin Pring (also SC contributor).
But, I wouldn't go crazy on memorizing the hundreds of patterns. Just concentrate on what represents strong or weak buying pressure and strong or weak selling pressure. And pay attention to the volume that accompanies each candle configuration.
Also check out Candlevolume and/or Arms Candlevolume charts. Very helpful in spotting quickly where the action is/has been.0 -
Big Thanks to Cush and Markd for the help on Candlesticks: it is very helpful, found a lot with google, but these links on StockCharts are great also, Have a great day.
Go Pirates!!!0
Categories
- All Categories
- 2.3K StockCharts
- 395 SharpCharts
- 146 Other Charting Tools
- 69 Saved Charts and ChartLists
- 1.5K Scanning
- 73 Data Issues
- 177 Other StockCharts Questions
- 218 Technical Analysis
- 155 Using Technical Analysis
- 2 InterMarket and International
- 19 Market and Breadth Indicators
- 42 Market Analysis
- 109 Trading
- 109 Trading Strategies
- 163 S.C.A.N the StockCharts Answer Network forum
- 65 Using this StockCharts Answer Network forum
- 98 s.c.a.n. archives
- 5 Off-Topic
- 6 The Cogitation & Rumination Emporium
- Forum Test Area