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| PDF Title : | How to Make Money Trading with Candlestick Charts |
|---|---|
| Total Page : | 311 Pages |
| Author: | Balkrishna M. Sadekar |
| PDF Size : | 801 KB |
| Language : | English |
| Publisher : | visionbooksindia.com |
| PDF Link : | Available |
Summary
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How to Make Money Trading with Candlestick Charts – Book
Consider a stock trending up. As is most often the case, the novice investors and traders buy exuberantly at the top creating the long white candle. However, due to some news or change in perception after market hours, the stock becomes less desirable to own.
The next day the stock gaps down and smart money starts selling. The bears are able to close the candle down towards the lower range of the previous day. This makes the bulls nervous. Those who have recently bought the stock in the hope that it will keep going up are now on the edge.