Monday, 26 October 2015

Trade with the help of Candle Stick Patterns

Different traders follow different ways of trading in the stock market. Some traders use the technical analysis and other use the candle stick patterns. Candle stick patterns are an important and efficient way of analyzing the price movements. In this method the price fluctuations within a specified period are represented by candles of varying length. A green candle represents the rise in the price and red candle represent the fall in the prices of the stocks or the commodities. There are various patterns like doji and engulfing patterns which represent the trend reversals. The candle stick patterns can be used to generate intraday trading tips and signals.

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