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It is simple , and analytical in nature , which is helpful for the short term traders.It requires a deep understanding of demand and supply.
It was an oldest analysis used by Japanese which now has been used for short term trades.Basic knowledge of demand and supply are required
Candlestick charts are an effective way of visualizing price movements. There are two basic candlesticks:
- Bullish Candle: When the close is higher than the open (usually green or white)
- Bearish Candle: When the close is lower than the open (usually red or black)
Better for short term trade.
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