Course: The art of Japanese Candlesticks
Lesson Insights
Japanese candlesticks are a popular charting method used in technical analysis for financial markets. They have their origin in Japan, where they were first used by rice traders in the 18th century to visualize market trends and price movements.
Japanese candlesticks use the combination of a candle body and shadow (or "wick") to represent the opening, closing, high, and low prices of an asset over a specified time period. The body of the candle represents the difference between the opening and closing prices, while the shadow shows the high and low prices.
The color of the body is also significant in Japanese candlesticks, with a white or green body indicating that the closing price was higher than the opening price, and a black or red body indicating that the closing price was lower than the opening price.
Japanese candlesticks are widely used in technical analysis because they provide a clear and visual representation of market trends and price movements. They are easy to interpret, making them a popular tool for traders and investors of all experience levels.
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