6/7/2023 0 Comments Candle charts academy![]() ![]() Usually, candlesticks are marked as different colors, mostly green and red or black and white. ![]() In most cases, the candlestick chart is used for day trading.Ĭandlestick charts are used for technical analysis. Generally, stock trading candlestick patterns show information about the opening and closing positions and high and low prices for a certain time period. Because of its Japanese origin, the candlestick chart is also known as the Japanese candlestick chart. Even though the chart, at first sight, seems quite complicated, it can give people useful information about the past changes in the stock market, and moreover, information about traders’ behaviors.Ĭandlestick charts were originally invented in Japan when one trader found correlations between the price, demand, and supply in the market, which was also affected by trader’s emotions and behaviors. Reading stock market candlestick patterns is one of the most favored methods for stock traders to predict future changes in the marketplace.
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