![]() ![]() Proper color coding adds depth to this colorful technical tool for market analysis, which dates back to 18th-century Japanese rice traders.Ĭandlestick charts provide more detailed and accurate information about price movements, as compared to bar charts. Candlesticks charts build patterns that predict price direction once completed. Candlestick charts make more useful than traditional open and high, low, and close bars other than simple lines that connect closing prices. Candlestick charts: Steve NisonĬandlestick charts are a technical tool that packs data for multiple time frames into single price bars. ![]() Steve Nison holds an MBA in Finance and Investments. Steve Nison was among the first to receive the Chartered Market Technician (CMT) designation from the Market Technicians Association (MTA) and was nominated for the MTA’s “Best of the Best” for Price Forecasting and Market Analysis. ![]() Father of Japanese Candlestick charting techniques:. ![]()
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