Candlestick is very effective and accurate for a short duration trading . – from 2 days to a week to study the price. The Line will not focus on a particular day price but candlestick will give the correct analysis for a particular day.
There are different types of candlestick patterns:
Engulfing; Piercing ; DOJI- Netural , Hammer and Hanging Man. DOJI is the Netural point where Buying and selling prices are equal. It looks like a star. To Differentiate positive price Movement and Negative price Movement it was named “Morning Star ” and : Evening Star” by Americans.