Japanese Candlesicks are by far the best technical analysis tool used in trading forex, commodities, stocks and more in the financial market. Every candle tells us something about the price movement of any particular asset. In order to determine whether the price of the asset goes up or down, Japanese Candlesticks is the most favourite instrument used in technical analysis.
With the Japanese candlesticks method the difference in opening and closing price is displayed with a graphs. A candlestick is made of a rectangle called ‘body’ and two stripes called upper- and lower ‘shadow’.
We have made a Japanese Candle Cheat Sheet PDF for our forum members which can be downloaded on the bottom of this post. In order to download the Japanese Candlesticks Cheat Sheet PDF you must first unlock it with a like, tweet or +1:
More information covering Japanese Candlesticks can be found on our blog.