Japanese Candlestick Analysis

The Harami is a Japanese Candlestick pattern that may be indicating a reversal, and it consists of a large candlestick followed by a smaller candlestick whose body is completely within within the vertical range of the previous larger candlestick.

The Doji is pattern often found at the bottom and top of trends and thus is considered as a sign of possible reversal of price direction.

The high and low ends of the Marubozu candlestick represents the opening or closing price of the candlestick, and in some case, the highest price and the lowest price during that period.

When encountering an Inverted Hammer or a Shooting Star, traders often check for a higher open and close on the next period to validate it as a bullish signal.

Traditional charts compared with Bar charts The majority of traders consider Candlesticks an easier Charting System to interpret and more visually appealing charts than other types of Charting Systems. Each …

In the 17th century, Japanese rice merchants invented the candlestick charting and nowadays, they are considered the number one tool when trading Forex. Here is a quick explanation to each Candle Stick along with a picture of how it looks like.

The Hanging Man and Hammer Japanese Candlestick are patterns thats look exactly alike, but have different results based on the preceding price action; They both have small real bodies (black …

Japanese Candlesticks Analysis proved effective as a clear and accurate projection of the price movement when used in the correct way, making it superior when used to express the movement of prices