The candlestick analysis was firstly invented by a Japanese man named Homma while understanding the link between the demand and supply of rice which was mainly dominated by the market sentiments or emotions. This type of analysis is represents a favourable or unfavourable trend by use of colours such as green and red. Similar to the bar chart the candlestick analysis also shows the market’s highs and lows, opening and closing prices for the day. The wide part can be called as the “real body” which explains the difference opening and closing price during the day.
, , Candlestick Analysis, Bullish/Bearish Engulfing, Bullish/Bearish Piercing Line, doji, Hammer Hanging Man
