Business The River Of Life

How to Read Candlestick Chart for Day Trading

Candlestick design refers to a price chart with specific points called wicks, open, and close prices. They depict the price movement for a specified period. Generally, a daily chart shows the open, the close, and the upper wick. This design can be very useful in day trading.

You can use this information to determine whether a particular stock is trending up or down.

Green or white candlesticks signify the stock price closed higher than it opened

Candlesticks are the symbols that show when a stock’s price has closed higher or lower than the previous day’s opening price. Candlesticks also show the price’s close relative to its range, which can be useful in determining the strength of the dominant party. If the stock has closed higher or lower than it opened, then the candlestick will be white or green.

The timeframe in which a candlestick chart is displayed determines the significance of a particular candlestick pattern. For example, a 1-minute candlestick chart will not be as important as a chart that displays a daily trading session, as the shorter timeframe will not cover as much data as a daily chart.

Candlesticks can also tell you if a trend is beginning or ending. Candlesticks with long lower wicks signal a bullish trend. The opposite is true for a candlestick with a long upper wick.

Three inside down is a bearish reversal candlestick pattern

The three inside down candlestick pattern is an extremely powerful technical indicator. It is a great way to predict the direction in which the price of an asset will move. It is an excellent tool for short-term and intraday trading. You can use this pattern to predict when to buy or sell a stock.

The three inside down pattern occurs when a price retraces a downward price trend. Ideally, it occurs within a third of the yearly low. This pattern is the best time to buy when the longer term trend is trending down. The three inside down candlestick is most reliable when it is formed before a breakout.

This pattern is also called a reversal pattern because it signals the end of a trend and the beginning of a new one. A three inside down candlestick pattern signals the end of a bullish uptrend and begins a bearish trend. The pattern begins with a long white candle, followed by a short black candle.

The next candle is usually black and closes below the first day’s opening. You should note that this pattern may not have a significant body and may have no wicks at all.

Hammer candlestick formation indicates a reversal in trend

A hammer candlestick formation typically occurs during a downtrend. This pattern may be a sign of a strong reversal in the trend, and it can be used as a lead indicator to determine when it’s time to enter a trade. The following chart shows the movement of the hammer candlestick as the market moves lower.

The hammer candlestick is formed when a stock moves below …

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Is Time Off Really What Employees Want Most?

Traditional employee benefits are not cutting it anymore, right? That’s what we’re being told. We are being told that companies are having to dig deep in search of more attractive benefits that will help them hire and retain top talent. But doing a quick perusal of some of these ‘new’ benefits raises a curious question: is time off really what employees want most?

Business Insider ran a post in early September 2022 discussing creative benefits offered by eight corporate employers. They included a ninth company in the post’s introduction. If you read that post, you’ll discover that five out of the nine companies are giving their employees more paid time off (PTO).

Granted, each has implemented their policies in slightly different ways, but they all accomplished the same thing: paying people to not work. If more PTO truly is the most important benefit employers can offer, that says something about what it means to work in the modern era.

  • Work Less, Earn the Same

It has been well documented that U.S. workers are near the bottom in terms of how much PTO they get annually. Furthermore, the U.S. is one of only a small number of developed nations that still does not mandate paid medical leave or paid vacation time. Both are voluntary from the employer’s perspective.

That being said, companies are deciding on their own to increase the amount of PTO they offer. That is important in and of itself. What’s more intriguing is how employers are framing PTO. They are presenting it to employees as a wellbeing issue.

Employers are essentially saying, “Go ahead and take more time off. You’ll work less but still earn the same.” Who wouldn’t jump at that opportunity? If you are a company owner and you can afford to do this for your employees, you would be out of your mind not to.

  • The Workforce Is Changing

No one should be surprised that employees would prefer to work less and play more. Indeed, that’s the foundation of the work-life balance concept. Human beings naturally don’t want to spend the majority of their lives working.

The traditional American workplace hasn’t traditionally allowed employees to determine their own PTO. Moreover, American companies have been reluctant to offer what they believe to be excess PTO. But times are changing. The workforce is changing, too.

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It is hard to truly understand what employees want from their benefit packages without delving into the Great Resignation and what is fueling it. The Great Resignation has manifested itself in millions of workers leaving their jobs since the start of the pandemic.

Most are leaving to find greener pastures elsewhere. Others are joining the gig economy or starting their own …