I am trying to become familiar with reading historic candlestick charts. I must be reading them incorrectly because:
a) I am seeing that regardless of what resolution I am looking at, the closing price on one candlestick does not equal the opening price of the next
b) if I change resolution, prices seem to change. For example, if I look at any particular candlestick - let's say I am looking at 30min resolution and I pick the closing price on the candlestick for 12pm - if I change resolution to 1min and again go for the closing price on the 12pm candlestick, I see a different price.
I'm sure I must be looking at the charts incorrectly but cannot figure out what I'm doing wrong. Can anyone help explain both these questions?
Thanks, Paddy.
a) I am seeing that regardless of what resolution I am looking at, the closing price on one candlestick does not equal the opening price of the next
b) if I change resolution, prices seem to change. For example, if I look at any particular candlestick - let's say I am looking at 30min resolution and I pick the closing price on the candlestick for 12pm - if I change resolution to 1min and again go for the closing price on the 12pm candlestick, I see a different price.
I'm sure I must be looking at the charts incorrectly but cannot figure out what I'm doing wrong. Can anyone help explain both these questions?
Thanks, Paddy.
Chart Reading
