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The candle stick analysis was developed by the Japanese to analyse the price trends. Later this was adopted by the western world. This method uses candle stick charts to predict the market trend. It is advantageous as it give short term results and hence it can be used to trade in weekly basis.
Candlesticks analysis is a type of analysis that we use in stock trading. The graphical chart that we use for analysis contains figures that look like a candlestick and hence the name. A Candlestick chart helps us in understanding the day’s open, close, high and low. It also has a colour associated with it, which helps in finding out if it were a bearish or bullish trend on that day. Line charts fail to deliver these.
It was developed by the japanese and then later adopted by the westerners.
It has a few popular methods of analysis and help in predicting trends for short term times. It is best suited for weekly trading.
Candle stick analysis gives the price action on a particular day. it shows the opening, closing , high and low on a particular day.
It is powerful when coming to reversal scenario.
It is applicable for weekly traders.
Its an analysis which are suitable for weekly traders…
its simple and powerful method.
Its actually japanese way of market analysis 200 yrs old later was adopted by western ppl.
you need a days candle stick to study for weekly trading.
Candlestick chart is created using a data set that contains open, high, low and close values for each time period you want to display.The closing price has overnight risk also.The longer the body is, the more intense the buying or selling pressure. Conversely, short candlesticks indicate little price movement and represent consolidation.
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