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OK, we've come to a very important section, which is candlestick price.
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We understood that the open, high, low, close price bar was kind of foundation, but the candlestick
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bar is alternative that a much, much better alternative to it.
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And really what really people mostly always use.
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There's a lot of things you can do with candlestick price bars and that's we're going to learn about
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in this section and there a better alternative.
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And they've been around actually a long time since like the 18th century.
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They're called Japanese candlesticks because they kind of originated or did originate in Japan, where
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traders were applying it to the rice market back in the 18th century.
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So this is not some new voodoo or that this are really well-established things that you can use by understanding
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the pricing, but also how these different price bars interact together and looking for some candlestick
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patterns.
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We're going to learn about as well to show us some trading opportunities for sure.
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So we think about the open, high, low, close will tell us a lot about what's going on with the price
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in a day.
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But Calanda Candlesticks will tell us this and much, much more.
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And in general, if we think about what are some of the benefits of candlestick bars there, and you'll
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see as we look at some examples, they're going to be more visual.
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They're going to tell you a lot more just by instantly looking at it.
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The various as you learn it, you're going to see that they're going to be simple to use and interpret.
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Maybe not at first, but won't take very long for we can look at a candlestick and say, I know exactly
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what's going on.
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Just by glancing at it for a second is you get used to them.
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So they're simple to use and interpret patterns, have some descriptive names which are kind of fun,
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easier to remember, like a gravestone dog, you know.
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So we'll learn about those and how to represent these patterns that are, you know, really good patterns
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for us to trade around.
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And the patterns are widely known.
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So you can expect other traders to respond in specific ways to specific patterns, which is a good thing
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if everybody sees something like, let's say, a gravestone dog, which again will learn about and then
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people are going to react a certain way.
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Well, that helps us as traders to see which way the market sentiment is, which way things might be
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going, and we can trade on that, too.
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So things were patterns and things work together with a large group of people is a good thing.
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And you can use it on any chart candlesticks that that is and you can use it with other indicators,
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which is really powerful too.
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So you can use the candlestick and you can use it.
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Other indicators like a moving average or other things that you learn in the course, you can use them
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to kind of work together to give you more strength around your decision making process of candlesticks,
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really help that way.
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And they can have Demoratic shapes or patterns to them that really grab your attention.
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And it might help you to react faster than like a standard price bar where you've seen these lines and
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things you're trying to match up the tick marks, candlesticks can tell you stuff visually very, very
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quickly in the canal, these dramatic shapes to the real high Loeser or, you know, very narrow bodies
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to them, different things that we're going to see.
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And so can help you recognize certain turning points such as an uptrend or a town trend by just looking
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at these candlesticks.
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So very, very, very important, these candlestick bars.
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And let's dive into that here in the upcoming lesson so we can learn more about them and how to apply
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them.
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