Oil Candlestick Trading Price Action Trading PDF
How to Analyze Oil Trading Price Action Trading Using Japanese Oil Trading Candlesticks
The Japanese oil candlesticks techniques also have very many crude crude oil price action pattern formations that are used to trade Oil. These crude crude oil price action patterns have different technical analysis interpretation & the most common are:
The above oil action crude crude oil price patterns is what makes the Japanese oil candlesticks popular among technical oil traders & it is why this type of crude crude oil price action oil analysis are the most widely used when it comes to analyzing the crude oil trading market. The technical analysis for these crude crude oil price action oil pattern formations in oil trading is explained in the above oil candlesticks trading price action lessons.
What is a Oil Trading Candlestick?
Oil Trading Candles - is a crude oil price representation that uses the crude crude oil price data (open, high, low, and close of crude oil price). These candlesticks resemble a candle with wicks on both ends.
The rectangle part of the candle-stick is known as body.
The high and low are described as shadows and drawn as poking lines.
Candle Stick Oil Trading Price Action Trading Guide
The color of the candle-stick is either blue or red
- (Blue or Green Color candle) - Oil Prices moved up
- (Red Color candlestick) - Oil Prices moved down
Most crude oil trading platforms like the MT4, use colors to mark the direction of the oil candlesticks. colors used are blue or green: when crude crude oil price moves up, red: when crude crude oil price moves down.
Candlesticks Oil Trading Price Action Chart Vs. Bar Crude Oil Trade Charts - Candlestick Oil Trading Price Action Trading Guide
When candlesticks crude crude oil price charts are used it is very easy to see if the crude crude oil price moved up or down as opposed to when bars are used.
Oil candlesticks and oil candlesticks patterns are commonly used in crude crude oil price action trading strategies used to trade crude oil.
