3 Candlestick Formations and Their Japanese Meanings

Many modern forex traders opt to use the Japanese candlestick for displaying charts. The candlestick charts are believed to have originated from Japan in the 18th century and credited to a rice trader by the name of Munehisa Homma. They provide a combination of information available from a line chart and a bar chart, with each candle representing an opening price, closing price, lowest price and highest price of the time frame it represents.

The following infographic highlight 3 types of candlestick and their Japanese meanings which of course, make perfect sense!

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3 Candlestick Formations and Their Japanese Meanings

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