Stock candlesticks explained: Learn candle charts in 10 minutes. / Stock chart reading tutorial tips

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 Stock candlesticks explained: Learn the stock market candle charts in 8 minutes. // Stock chart reading tutorial basics tips, stock candlestick patterns, stock candles, stock charts candlesticks, stock market candlestick, stock chart candlestick, candlestick patterns, candlestick patterns for beginners, candlestick patterns explained, candlestick patterns for day trading, candlestick pattern indicator, candlestick charts tutorial, candlestick charting for dummies, candlestick chart analysis, stock charts for beginners, Stock

trading strategies, Options trading basics 101, How to Use Moving Averages, RSI & Bollinger Bands welcome to looking at the markets with David Moadel we're going to try to or I'm going to try to explain to you candlestick stock charts and I'm gonna try to do it simply and i'll try to do it in a few minutes okay so right now we're looking at a website called the stock market watch.com

and just to keep it simple i'm going to show you the daily candlestick chart for apple stock ok so these are candlesticks and each candlestick represents one day of price action where the price went for apple stock and yet you don't have to use daily candlestick charts like this there are weekly candlestick charts where each candlestick represents an entire week of price action there are monthly candlestick charts were each candlestick represents a whole month of where the

price went and for day traders there are 1 minute candlestick charts which candlestick only represents a minute of price action there are five minute charts there 30 minute charts hourly charts for each candlestick represents an hour but to keep it simple we'll just look at the daily chart ok so each candlestick represents for things it shows you the open the high to low and the close of that particular trading day 0 h LC open high low

and close ok so let's look at the two parts you've got the body of the candlestick which is the the rectangle that's filled in ok and then you've got the wick ok and those are the lines that are protruded protruding from the top and bottom some of them some of these candlesticks only have a top wick some of these candlesticks only have a bottom wick and some of them have both the top and bottom wake

but they all have a body some of them have a very skinny body very small very slender but they all have a body all right now for green candlesticks if it's green that means that the bottom of the body is where Apple stock opened on that day on that particular day ok so at nine-thirty am eastern time that's the open that's the opening bell of the trading day that that's where it opened ok that's the

opening price that's the price and then the if it's green it's the bottom of the candlestick is the open for that day opening price and if it's green than the top of the body represents the closing price ok that's you know the four o'clock p.m. eastern time they ring the closing bell to end the trading day and the top of the body of the green candlestick is where it closed for that day

so you got the open and the clothes at the bottom and top of the green candle now if it's a red candlestick it's the opposite because it went down that day so if it's red than the top of the body shows the opening price and the bottom of the body represents the closing price and so it went it opened here and closed here on a green candle stick it opened here and closed

here it's the opposite of the red now what about the wicks well we talked about the open and the clothes which are represented by the body of the candlestick the wicks represent the high of the day how high the price action went that day and the low of the day hello it went during the day so for example on this one this is a red day so we know it opened here at

the top of the body closed here but at some point during the trading day during that day the price of Apple went up it went all the way up to here and then and then it came down and also during the trading day it went down here to the bottom of the bottom wake but then came back up somewhat so we know four pieces of information just from this little candlestick here since

it's red we know that it opened here at the bottom of the body and at some point it went down a little bit it went down to here and also during the trading day at some point it went as far as far up as here the high of the day top of the top wick and then it closed down here that it opened hear it when this far down during the day

thus far up during the day and then it closed right here at the bottom of the body let's look at the green one we know since its green then it opened at the bottom of the body and it moved around it moved around a bit it at some point during the trading day it went this far down to the lower the day also during the trading day when this far off to the

high of the day and then it closed here since it's green it closed at the top of the body all right now you'll notice that some of these candlesticks only have a top wick so for example this one it it opened here since the screen at the bottom of the body and it never during that day really went below here it never went any further down than hear it opened here and then

it went up during the day and it went up this far to the top of the top wick and then came back down and closed here let's take a look at a candlestick with only a bottom wick like this 1i know since its read it opened here at the top of the body and it never really went above that point because there's no top wick alright and then went down and it

went down all the way down here at some point at the bottom of the bottom wick that's the low of the day but then it came back up and then closed here now take a look at this one this is an interesting one you can see how skinny or slender the body is that means that it opened and closed at nearly the same exact price it's green so it opened a tiny

bit higher than I'm sorry it closed tiny a tiny bit higher than it opened I know that because it's green but still it it and it had a lot of price movement at some point during the trading day it went down here and then came up and then during the trading day sometime it went all the way up here but then came back down and closed here it opened here and closed not much

higher a little bit higher because it's still green but so those are it was almost a flat day really ok so those are candlestick charts and really they're great because they tell you for Pete for it vital pieces of information the open the high to low and the clothes OHL see so what I want you to do is starting to start reading candlestick charts on your own and try to trade it gather those four

pieces of information from every candlestick okay i hope this is helpful to you i hope explained it quickly but but pretty thoroughly i think i think that's really a great start but I want you to you know I want you to keep learning and I want you to keep working on it on your own and if you'd like more information on how to read charts and how to interpret them or if you

just want to put together a trading plan you can contact me by email at any time my email address is David Modell @ gmail.com if you like this video if you found it helpful please give it a thumbs up on YouTube and leave comments and also please subscribe to my youtube channel if you haven't done so already so you can receive the latest updates on my financial educational videos thank you so much for

watching I appreciate it and I'll talk to you again soon

See more here: https://www.youtube.com/watch?v=jn6ZRH6Cbec

Learn the stock market  Stock candlesticks explained: Learn the stock market candle charts in 8 minutes. // Stock chart reading tutorial basics tips, stock candlestick patterns, stock candles, stock charts candlesticks, stock market candlestick, stock chart candlestick, candlestick patterns, candlestick patterns for beginners, candlestick patterns explained, candlestick patterns for day trading, candlestick pattern indicator, candlestick charts tutorial, candlestick charting for dummies, candlestick chart analysis, stock charts for beginners, Stocktrading strategies...