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Candle stick analysis is the oldest form of technical analysis. It provides more data in a very concise form. opening price, closing price, Highest price and lowest price are the data that a candle stick represents.
It is very useful to identify trend reversals. It is mainly useful for weekly traders.
Candle stick analysis was followed by Japanese . It indicates the open and closing price along with highest traded price and lowest traded price in the form of a candle. The green color indicates Closing price is greater than the opening price. The Red color of the candle indicated the closing price is lesser than the opening price.
It is useful for weekly trend analysis used by weekly traders. It indicates trend reversal which is very important to take long or short positions in real time.
Is the oldest form of technical analysis
It provides more data from the opening, closing, highest and lowest price
Used to identify trend reversal mainly for weekly traders.
Candlestick analysis is the oldest Japanese theory used for technical analysis
it gives clear information regarding open and closed market price
Gives better understanding w.r.t demand and supply
This is recommended for short term traders -weekly analysis
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