Japanese way of understanding the D & S
Oldest form of Technical analysis ( weekly analysis)
1) Simple & Powerful analytical method
Line chart does not focus on the particular day’s Price action.
Whereas, Candlestick studies things in Detail.
2) About analysis
i) Requires the basic understanding of D & S
/* understands short-term Buying & Selling */
ii) Accounts few days to study ( provide short-term Trends)
iii) Recommended for ‘Weekly Traders’ ( ‘day candle’ is recommended).
It has patterns like Engulfing / Piercing patterns, hammer , hanging man, DOJI.