![]() ![]() If the close is above the open, then a hollow candlestick (usually displayed as white) is drawn.Japanese candlesticks are formed using the open, high, low, and close of the chosen time period. ![]() They are used to describe the price action during the given time frame. Japanese candlesticks can be used for any time frame, whether it be one day, one hour, 30-minutes – whatever you want! The best way to explain is by using a picture: To make a long story short, without Steve Nison, candlestick charts might have remained a buried secret. Slowly, this secret technique grew in popularity in the 90’s. Steve researched, studied, lived, breathed, ate candlesticks, and began to write about it. Japanese created their own old school version of technical analysis toĪ Westerner by the name of Steve Nison “discovered” this secret technique called “Japanese candlesticks,” learning it from a fellow Japanese broker. Japanese Candlestick Tradingīack in the day when Godzilla was still a cute little lizard, the The previous forex lesson, we’ll now dig in a little and discuss them While we briefly covered Japanese candlestick charting analysis in ![]() Steve Nison, for “discovering” the art of candlesticks! What is a Japanese Candlestick? ![]()
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