Heikin Ashi Candle sticks:
There are five primary signals that identify trends and buying opportunities:
There are five primary signals that identify trends and buying opportunities:
Hollow candles with no lower "shadows" indicate a strong uptrend: let your profits ride!
Hollow candles signify an uptrend: you might want to add to your long position, and exit short positions.
One candle with a small body surrounded by upper and lower shadows indicates a trend change: risk-loving traders might buy or sell here, while others will wait for confirmation before going short or long.
Filled candles indicate a downtrend: you might want to add to your short position, and exit long positions.
Filled candles with no higher shadows identify a strong downtrend: stay short until there's a change in trend.
What is a candlestick?
If the stock price went up the body of the candle is white or green and open price is at the bottom and closing price at the top.
If the stock price is down then the body of the candle is filled or red and the open price at the top and closing price at the bottom.
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