What is kill candle trading?

Kill candle trading revolves around taking advantage of the kill candle. However, successful kill candle trading depends on how good your trading skills and trading setup are. Moreover, the kill candle trading strategy is a short-term strategy that enables short-term traders to make substantial gains on the flip side.

Why do traders use candlesticks?

Traders use the candlesticks to make trading decisions based on regularly occurring patterns that help forecast the short-term direction of the price. Traders use candlestick charts to determine possible price movement based on past patterns.

What is a daily candlestick chart?

Many algorithms are based on the same price information shown in candlestick charts. Emotion often dictates trading, which can be read in candlestick charts. Just like a bar chart, a daily candlestick shows the market's open, high, low, and close prices for the day.

What are candlestick patterns & how do they work?

Patterns are separated into two categories, bullish and bearish. Bullish patterns indicate that the price is likely to rise, while bearish patterns indicate that the price is likely to fall. No pattern works all the time, as candlestick patterns represent tendencies in price movement, not guarantees.