A stick sandwich is a candlestick charting pattern that is composed of three candlesticks. The first candlestick is a long bearish candlestick that closes near its low. The second candlestick is a short candlestick (either bullish or bearish) that opens and closes within the body of the first candlestick. The third candlestick is a long bullish candlestick that closes near its high.
The stick sandwich is a bearish reversal pattern that is formed at the end of an uptrend. It is named after the three candlesticks that make up the pattern, which resemble a sandwich.
Who is father of candlestick pattern?
There is no one definitive answer to this question, as there is no one person or school of thought that can be credited with inventing or popularizing candlestick charting. Candlestick charting is thought to have originated in Japan in the 18th century, and it was popularized in the West by Steve Nison in his 1991 book, Japanese Candlestick Charting Techniques.
Who invented candlestick?
Candlestick charts were invented by Munehisa Homma, a Japanese rice trader, in the 18th century. Homma was able to identify patterns in the price of rice that allowed him to predict future price movements. He used this knowledge to make a fortune in the rice market.
Candlestick charts are now used by traders and investors all over the world to predict future price movements in a variety of markets. What size is a standard candlestick? A standard candlestick is a candlestick with a body that is at least twice as wide as its wick.
What are the basic technical analysis?
The basic principles of technical analysis are that prices move in trends, that price trends tend to persist, and that price history can be used to predict future price movements.
Technical analysts believe that prices move in trends. A trend is simply a price movement in a particular direction. Trends can be up, down, or sideways.
Technical analysts also believe that price trends tend to persist. This means that once a trend is established, it is likely to continue.
Finally, technical analysts believe that price history can be used to predict future price movements. This means that by looking at past price data, we can identify patterns that may help us predict where prices are going in the future. How are candlesticks measured? Candlesticks are measured by the price range between the high and low price during a given time period. The "body" of the candlestick represents the open and close price during that period, with the "wicks" representing the high and low prices.