Candlesticks you NEED to know!
The candlestick techniques were the second most important invention by the Japanese, right after the sushi. It is one of the most popular methods to analyse price movement to use due to it’s accuracy. Here’s the definition of a candlestick chart for you! A candlestick chart (also called Japanese candlestick chart) is a style of financial chart used to describe price movements of a security, derivative, or currency. Each "candlestick" typically shows one day but may also be used in 15min intervals As I mentioned in an earlier post “Technician or Fundamentalist”, candlesticks are able to forecast the direction of future price movements in the near future by assessing the psychology of investors. (Would be great if they had one for our spouse’s moods right?) Reversal candlestick patterns are used to identify a potential price movement towards the opposite of it’s current direction. There are probably more patterns in the world than there are Justin Bieber fans,...