Candle stick analysis (Also called Japanese candlestick) is originated from Japan in 18th century by rice merchants. Candlesticks are adapted by western world in mid nineteenth century.
Candlestick analysis is the oldest form of technical analysis.
There are single, two and three candlestick patterns which are used by traders. Usually candle stick analysis is suitable for short term trading.
Doji, Hammer and Hanging man are few of the single candlestick patters. Engulfing and piercing patterns are two candlestick patterns. Morning star and evening star are among multiple candlestick patterns.
The volume information is supporting significantly while qualifying the candlestick patterns.
