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The body is, the more intense the buying or selling pressure. Long bodies indicate strong buying or selling. And when itĬomes to forex trading, there’s nothing naughtier than checking out the Just like humans, candlesticks have different body sizes. Let’s break down the different parts of a Japanese candlestick.

The bottom of the lower shadow is the “low”.

The top of the upper shadow is the “high”.

The thin lines poking above and below the body display the high/low range and are called shadows.

The hollow or filled section of the candlestick is called the “real body” or body.

If the close is below the open, then a filled candlestick (usually displayed as black) is drawn.

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?