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Sunday, December 21, 2008


First Candlestick

There two kinds of CANDLESTICK, Green Candle and Red Candle. It can be White and Black candle. Long BODY indicate that in The Market happen strong BUY versus strong SELL. Short Candlestick show small price movements and consolidation. Long TAIL with no BODY indicate bull and bear are fight during trading time.

GREEN CANDLE, Green candle formed when opening price higher than closing price. It show that BUYER stronger that SELLER. Long Green Candle indicate BULLISH trend (Price will go UP).

RED CANDLE, Red candle formed when closing price higher than opening price. It show that SELLER stronger that BUYER. Long RED Candle indicate BEARISH trend (Price will go DOWN).