Original subtitles

Hello, everyone, welcome to the course, we will be starting at candlestick module from scratch.

So let's begin what are candlesticks?

I'll be explaining this in a very simplified form so all of my student can learn in a very effective

way.

So let's begin.

In the early 18th century, there was a Japanese businessman named Mona Lisa, whom he developed a technical

analysis method to analyze the price of rice contracts.

He was a rice future trader and is also known as the grandfather of candlesticks.

To date, this technique is called candlestick charting and is widely used when we draw financial market

charts.

The prices on the charts of the financial market assets, which we see are denoted by the candlesticks.

The candlesticks are very helpful while trading and investing as they show us for price points.

The opening price of an Esther, the closing price of an asset, the high and the low display very crucial

role in our trading and investing journey.

Candlesticks are used by traders and investors for looking certain chart patterns, candlestick patterns

on the chart.

Each candlestick has a story to tell.

Candlesticks are the language of the market.

They give us a picture what is going on behind the scenes in the market.

Either the sellers are in the control or the buyers are in the control, or if there is a tug of war

between them.

That is why it is very crucial to understand that there are two types of candlesticks the Polish and

the Burish.

This is a hypothetical example and we covering a real short example.

Also, let's suppose, for example, if we go to trading dot come to analyse any chart bear.

So for this purpose, I opened the Bitcoin daily time frame chart.

The bullish candlestick shows us the opening price of an asset on this specific date.

What was the opening price and what was the closing price of an asset?

And these weeks, which you can see, this shows us the highest price and the lowest price of an asset

on this specific date.

The price, as you can see, the price made a high but closed the price.

The price went all the way up, but closed at this specific point up for the better.

Scandalously, the the price opened here at the the candlestick and closed at this point in this bearish

candlestick.

The price drop, hence the closing price was this.

I've opened the Bitcoin daily chart, as you can see, the candle sticks, the green candlesticks represent

the polished candlesticks and the British candlesticks represent a the.

So these are the standard colors on every chart, you can change them to your desired color in the settings.

So these are the default settings on every chart you'll see the green one for the Polish and the red

one for the British.

So for this purpose, let me show you that life example.

Now, this one, as you can see, this green candle, this is the Polish Kandinski.

So now on 24 September 2020, the opening price of Bitcoin was.

Ten thousand two hundred forty eight dollars.

This was the opening price of the Bitcoin.

This was the closing price of the Bitcoin at ten thousand seven hundred and thirty five dollars.

And this was that this week was the highest, which is at around ten thousand seven hundred ninety one.

And the lowest price on this day was at ten thousand one hundred ninety two.

This is the Polish candidate, as you can see this.

But the Bitcoin on this specific date, the price opened here and closed at this point.

So now let me show you the bearish example.

Now, as you can see, this is the bearish contesting the price on this specific.

They are going to three September 2020 open at ten thousand five hundred and thirty one dollars and

closed around ten thousand two hundred thirty seven dollars.

The price and high priced at almost no high.

A small peak around twenty dollars above.

And the price Marullo at.

Ten thousand one hundred thirty two dollars.

This was the law.

These were the candlesticks.

We'll be learning candlestick patrons in the next module.

It is going to be very thrilling.

I'm excited to teach you.

Looking forward.

Stay tuned, everyone.