The Japanese Candlestick (CS)

Hi...

Here I will share with you some knowledges about Japanese Candlestick (CS) that you should know as a trader in forex/stocks etc that using Japanese Candlestick as a method to analys the price chart.

Japanese Candlestick have 4 elements that you should know.

1. Open price
2. Close price
3. Highest price
4. Lowest price

DOWNWARD CS

UPWARD CS

Got it???? What is that means?????

It's means for each candlestick you've seen in the chart, each candlestick represent what was happen during the timeframe period. 

Let's say we take timeframe 1 HOUR (TF1H).....

Within that period there will be have open price at the moment the period started & close price in the end of the period. Within that period also, there will be have the highest price(hi price) & the lowest price(low)

As you can see in the picture above, Japanese Candlestick have 2 parts.

• Body
• Body will filled with colour which indicates the cs movement. eg, blue = (upward) & red = (downward)
• Shadow
• The longer shadow means how far the price try to make high/low
• Some cs doesn't have shadow at the upper shadow/lower shadow & both upper & lower shadow.