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

[Denis]

Weekly trader should use the candle stick analysis for determining the market movement, volume is important since it indicates the more participants.

[Vimal Kumar]

Candle stick analysis is used by the short term / weekly traders. Since, its a reversal pattern, strong volume conveys the high chance of trend reversal.

[sanjaivasan]

candlestick is for weekly basis it is useful for a short term trader and volume is important for Doji, hammer and hanging pattern because volume helps to understand price movements.

[Ganesh Ramanan]

Weekly trader can use the candle stick analysis

[KAVITHA SUNDER]

Candle stick analysis can be used by a short term trader and position trader. Candle stick being a reversal pattern, Volume plays a key role in deciding the direction of the movement, we can confirm the reversal movement if and only there is a huge volume of stocks are traded.

[Author]

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