Candle Patterns

In the 1600the japanise develope a method of technicaal analysis to analyze the price of rice contracts.this technigue is call candlestik charting.candlestik chart are simply a new way of looking at price they dont involve any calculation

Candlestik chart are much more visually appealing than a standard two dimensional bar chart as in a standard bar chart there are four elements necessary to construct a candlestik chart the open high low and closing price for a given time period,below are excample of candlestik and a definition for each candlestik component:


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