Original subtitles

OK, we've come to a very important section, which is candlestick price.

We understood that the open, high, low, close price bar was kind of foundation, but the candlestick

bar is alternative that a much, much better alternative to it.

And really what really people mostly always use.

There's a lot of things you can do with candlestick price bars and that's we're going to learn about

in this section and there a better alternative.

And they've been around actually a long time since like the 18th century.

They're called Japanese candlesticks because they kind of originated or did originate in Japan, where

traders were applying it to the rice market back in the 18th century.

So this is not some new voodoo or that this are really well-established things that you can use by understanding

the pricing, but also how these different price bars interact together and looking for some candlestick

patterns.

We're going to learn about as well to show us some trading opportunities for sure.

So we think about the open, high, low, close will tell us a lot about what's going on with the price

in a day.

But Calanda Candlesticks will tell us this and much, much more.

And in general, if we think about what are some of the benefits of candlestick bars there, and you'll

see as we look at some examples, they're going to be more visual.

They're going to tell you a lot more just by instantly looking at it.

The various as you learn it, you're going to see that they're going to be simple to use and interpret.

Maybe not at first, but won't take very long for we can look at a candlestick and say, I know exactly

what's going on.

Just by glancing at it for a second is you get used to them.

So they're simple to use and interpret patterns, have some descriptive names which are kind of fun,

easier to remember, like a gravestone dog, you know.

So we'll learn about those and how to represent these patterns that are, you know, really good patterns

for us to trade around.

And the patterns are widely known.

So you can expect other traders to respond in specific ways to specific patterns, which is a good thing

if everybody sees something like, let's say, a gravestone dog, which again will learn about and then

people are going to react a certain way.

Well, that helps us as traders to see which way the market sentiment is, which way things might be

going, and we can trade on that, too.

So things were patterns and things work together with a large group of people is a good thing.

And you can use it on any chart candlesticks that that is and you can use it with other indicators,

which is really powerful too.

So you can use the candlestick and you can use it.

Other indicators like a moving average or other things that you learn in the course, you can use them

to kind of work together to give you more strength around your decision making process of candlesticks,

really help that way.

And they can have Demoratic shapes or patterns to them that really grab your attention.

And it might help you to react faster than like a standard price bar where you've seen these lines and

things you're trying to match up the tick marks, candlesticks can tell you stuff visually very, very

quickly in the canal, these dramatic shapes to the real high Loeser or, you know, very narrow bodies

to them, different things that we're going to see.

And so can help you recognize certain turning points such as an uptrend or a town trend by just looking

at these candlesticks.

So very, very, very important, these candlestick bars.

And let's dive into that here in the upcoming lesson so we can learn more about them and how to apply

them.