Originally used by 17th-century rice traders in Japan today candlestick charts are used by traders and investors around the world to trade in securities
If you are about to start your trading journey the first thing you need to learn is how to use candlestick chart work.
A candlestick is a type of price chart used in technical analysis that displays the opening high, low, and closing price of a security for a specific period. such a chart is visually very appealing and very informative it indicates the current as well as the past behavior of market participants
Hence it is used by most the trader’s across the world
As shown in the figure below a candlestick chart consists of a series of candles representing the trading pattern of each trading period which can be a trading day, week, or month, depending on the time frame of the chart
patterns formed by a single candle or grouping of two or more candles in a certain sequence are known as Candlestick Patterns. Such patterns help a trader to study the past and current price movement of the security to spot trend candlestick patterns to identify trading opportunities.