Who should use candle stick analysis? What is the role of volume in candlestick analysis?

[Subash Raj]

Candle stick analysis is used by Weekly traders. The volume plays significant role in candle stick analysis. It is based on the volume that we confirm the trend reversal that is indicated by the candle sticks.

 

[Syed.Moiz]

candle stick is useful for short term analysis and it is effective for weekly traders

change is volume causes change trend reversal(volume is direct proportional to trend reversal)

[vinitha]

Candlestick  analysis is mainly for weekly traders and is used for short term trading.

volume denotes the strength of the pattern (buy/sell).

[vinod divakaran]

weekly and intraday traders use the candle stick pattern.

volume indicates the strength of traders.

[SUNIL]

candlestick analysis is used more by daily /weekly traders . This is for short term trend analysis. Volume indicates the multiple data points for analysis and reflects the strength of pattern.

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