Insight of Candlestick Analysis

Candlestick analysis gives us a detailed study of the open and close price also the high and low price and the colorful representation makes us easy to read and understand.
It is very effective as a daily basis and also more effective in weekly basis. Evaluation using candlestick is more effective to predict for a short term like a weeks time.
Forecasting can be done for 4-5 days using the candlestick pattern.
Candlesticks are used for a short term trader and it usually shows the reversal pattern.
Volume with candlestick is very effective and confirms the movement direction