What is?KLine diagram

In the previous course, we briefly learned about the morphological analysis of candlestick charts. Now, we will delve deeper and discuss more details. Let's start now.

What is a candlestick chart?

When our animated character Godzilla was still a cute little lizard, the Japanese had already created an ancient version of the technical analysis method they used to trade rice. Yes, it's the method used to trade rice.

A person named Steve Neeson(Steve Nison)Westerners have "discovered" the technical secrets of the "Japanese Candlestick Chart" and learned this unique trading technique from numerous Japanese brokers.

From then on, Nissen formed an inseparable bond with Japanese candlestick charts. He worked day and night to study this unique technical method and began writing related books.

Slowly, this mysterious technical analysis method emerged in the last century90The era became popular.

To make a long story short, without Steve Neeson, the Japanese candlestick chart may still be an unknown secret.

So, what is itforeign exchangeWhere's the candle string?

The best way to explain it is to use graphics

Candlesticks can be divided into different time periods for use, whether it's a day, an hour30Minutes are not a problem. Candlestick charts are used to describe price fluctuations during a specific period of time.

★ Candlesticks are composed of the opening price, closing price, highest price, and lowest price within a certain period of time.

★ If the closing price is higher than the opening price, we call the candlestick a bearish candlestick;

★ If the closing price is lower than the opening price, we call the candlestick a bullish candlestick;

★ The hollow part of the candlestick is called the 'solid';

★ The top of the upper shadow line is the "highest point";

★ The bottom of the shadow line is the 'lowest point'.