What is a K-line diagram? In the previous course, we did a simple coverage analysis of the candle chart icon. Now, we will discuss it in more detail. First, let's take a quick overview.
What is K-line trading? When the animated character Godzilla was just a cute lizard, the Japanese had created their own old version of the technical analysis of trading rice. It's him, rice.
A westerner named Stephen Nissan learned about this mysterious technology called "K-line map" from his Japanese colleagues. Stephen began to explore and study the technology and record it. Slowly, this mysterious technology spread widely in the 1990s. In short, without Stephenson, the candlestick chart would have been a long buried secret. Stephenson is Mr. candlestick.
So what is the foreign exchange Candlestick? We use the chart to explain:
The K-line can be used in any time frame you need, a day, an hour, or 30 minutes. We can use candlesticks to describe price fluctuations in a limited time frame.
The K-line chart is formed by using account opening, highs, lows and closures at selected times.
· if the closing is higher than the account opening, it is indicated as a hollow candlestick (usually white).
If the closing is lower than the account opening, it is indicated as a solid candlestick (usually black).
The hollow or solid part of a candlestick is called a solid.
The thin lines above or below the entity indicate high or low levels and are called hatches.
The top of the higher shadow indicates the upsurge.
The bottom of the lower shadow indicates depression.