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Figure 12.6
Down Day Candlestick Chart |
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The closed (black) body in Figure 12.6 tells us that the close was below the open. That is why this is called a down day. |
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A flat day is one in which the open and the close are at the same price, hence it is called a flat day. Figure 12.7 shows what this chart looks like. Yet, the candlestick still gives us valuable information about trading range and the relationships among the four price points. |
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Figure 12.7
Flat Day Candlestick Chart |
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As you study these examples, be sure you can see all eight points of information in each. If you cannot, reread this section until you can easily spot all eight points. |
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