Asian style candle

Description:History[ edit ] Candlestick charts are thought to have been developed in the 18th century by Munehisa Homma , a Japanese rice trader of financial instruments. They are often used today in stock analysis along with other analytical tools such as Fibonacci analysis Fibonacci retracement. As will be seen later, when I discuss the evolution of the candle charts, it was more likely that candle charts were developed in the early part of the Meiji period in Japan in the late s. The area between the open and the close is called the real body, price excursions above and below the real body are shadows. The wick illustrates the highest and lowest traded prices of a security during the time interval represented. The body illustrates the opening and closing trades.

Views: 2737 Date: 2019-01-08 Favorited: 31