CANDLESTICK ANALYSIS

CANDLESTICKS OIGINATED FROM JAPAN. ACANDLE HAS A BODY, UPPER SHADOW AND THE LOWER SHADOW..THE HIGH IS REPRESENTED BY TOP OF UPPER SHADOW.LOW BY THE LOW OF LOWER SHADOW. OPENING AND CLOSING BY THE BODY OF THE CANDLE..
ASSUMPTIONS TO CANDLESTICKS: BUY STRENGTH AND SELL WEAKNESS.2. BE FLEXIBLE WITH THE PATTERNS AND LOOK FOR A PRIOR TREND.
THERE ARE SINGLE AND MULTIPLE CANDLESTICK PATTERNS.
MARBOZU,SPINNING TOP DOJI AND PAPER UMBRELLA ARE SOME OF THE SINGLE CANDLESTICK PATTERN.
ENGULFING PATTERN,PIERCING PAATERN,MORNING STAR AND EVENING STAR ARE SOME OF THE MULTIPLE CANDLESTICK PATTERNS