7/8/2023 0 Comments Japanese candlestick charting![]() ![]() ![]() There are many different shapes and sizes to the candlesticks and the patterns they form, all of which come with their own special names. This reflects a negative sentiment in the market. ![]() When the close is less than the open price, then the body of the candlestick is black. This reflects a positive sentiment in the market. When the close is greater than the open price, then the body of the candlestick is white. The body of the candle, or “real body”, measures the distance between the open and the close. The shadow or wick shows the distance between the high and the low. The way it works is that one candlestick shows the open, high, close and low point of the price at a given timeframe. The Japanese Candlestick method of visualising charts is one of, if not the, most popular methods of looking at charts for the modern trader. The Japanese version of price charting uses a shape similar to a candlestick as a visual representation. ![]()
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