Candlestick analysis

Candle stick analysis is an analysis using a candle stick shape patterns. It was first used by Japanese people long years before, later it was adopted by the western people. It is very helpful for weekly traders, and gives a detailed study. Generally it is used for short term buying and selling. In candle stick analysis there comes a lot of patterns which can be useful to make money in a short term, hey are engulfing pattern, piercing pattern, DOJI- Morning star and Evening star, Hammer and Hanging man pattern. These are reliable and powerful and gives the trends of the movement.