Who should use candle stick analysis? What is the role of volume in candlestick analysis?

[Balasubramnaniam Gopal]

<span style=”color: #777777; font-family: ‘Open Sans’; font-size: 13px; line-height: 20px;”>Weekly traders should consider using candle sticks. Volume doesnt play a major role as it does in price patterns though a significant volume change will add strength to the trend.</span>

[Tr]

Short Term trades (Intraday and weekly traders).
Volume justifies the call in candlestick analysis. (generally trend reversal)

[S.Sivaraman]

candle stick can be used for short term traders

volume signifies a balance between supply and demand and highlights start of a trend reversal.

doji, hammer, hanging man, engulfing, piercing line, all with good volumes give the immediate price movement

[Karthikeyan .K]

Those who want to do short term trading can use this analysis . In most cases it identifies the trend reversal pattern and it will e confirmed with the volume . Normally high volume indicate heavy fight bewteen the buyer and seller .Hence this indication confirms the trend reversal…

[K. Siva]

Candle stick is for weekly basis it is useful for a short term trader and volume is important for Doji, hammer and hanging pattern because volume helps to understand price movements.

[Author]

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