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Candlestick analysis is the Japanese way of understanding demand and supply and adopted later by western. Candlestick analysis provides short term trend analysis and studies in detail based on the daily candlesticks patterns and analyse a small portion, hence this can be used for weekly trading.
Candlestick charts are used by traders to determine possible price movement based on past patterns. Candlesticks are useful when trading as they show four price points (open, close, high, and low) throughout the period of time the trader specifies. These charts are used by traders to determine possible price movement based on past patterns. They help traders to gauge the emotions surrounding a stock, or other assets, helping them make better predictions about where that stock might behead. Candlestick analysis provides short-term trend analysis and studies in detail based on the daily candlesticks patterns and analyzes a small portion, hence this can be used for weekly trading.
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