Reading Candlestick Charts Explained

Candlestick charts were invented by the Japanese in the mid 1800’s.
Much of the credit for candle stick charting development goes to a fellow named Homma, a legendary rice trader from Sakata. The first person to introduce Japanese candlesticks to the Western world was Steve Nison. Steve Nison notes that candle stick development was likely a result from a collective effort developed over many years of trading. The benefits of Candlestick analysis are many: - easier to understand
- provide earlier indications of market and price turns
- furnish unique market insights
- enhance Western charting analysis
- will increase efficiency of your analysis
- are enjoyable to learn!
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Candlestick formations and charts use the same open, high, low and close price data as the traditional Western bar chart.


As seen in the chart comparisons above, prices seem to jump off the page on the candle-stick chart. It pushes the flat, two dimensional bar chart into almost a three-dimensional aspect.
Lets continue on with your Candlestick course. Next:
______________________________________________________________ Recommended Candle-stick charting Tools and Resources Recommended Technical Analysis Tools and Resources
Recommended Technical Stock Trading Software
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