The easy-to-use guide to interpreting candlestick charts andderivative markets
Candlestick charts are an effective way of visualizing pricemovements and, due to the increased interest in the complexderivatives market, they are being used more and more widely. Acombination of a line-chart and a bar-chart, where each barrepresents the range of price movement over a given time interval,candlestick charts are most often used in technical analysis ofequity and currency price patterns. A guide to the most usedcharts, The Bloomberg Visual Guide to Candlestick Chartingis arranged in an easy-to-use manner, providing a quick referencefor those new to the field.
Candlestick charts are formed with the help of the opening,high, low, and closing price of the day—if the opening priceis above the closing price then a filled candlestick is drawn, andthese charts are visual aids for decision making in forex, stock,commodities, and options trading.
Contains alphabetical explanations of over 200 candlestick andrelated terms
Includes daily charts of 50 companies, and six-month charts forcomparative explanations of candlesticks with Western-styletechnical indicators
Written by Michael C. Thomsett, author of over sixty books andhundreds of articles, including the bestselling Getting Startedin Bonds, also published by Wiley
Enhanced eBook editions offer video tutorials, test-yourselfquizzes, and full-color/interactive charts and graphs, availablefor purchase separately.
A practical and concise resource for anyone new to this way ofrepresenting derivatives, The Bloomberg Visual Guide toCandlestick Charting presents sometimes confusing concepts in aformat that is easy to understand and digest.