Inside a Japanese candle 🕯
Japanese candlesticks are the most popular way to read the price movement on charts. They are visual, easy to learn and the main thing is that they work.
You can see what the Japanese candle is built from on the chart,
On the left side is a one-hour bullish Japanese candle
The right side shows what happened during the hour with the price from the moment of opening to the moment of closing the candle.
The Japanese candle shows the price movement for a certain period.
As you know, the time frames of candles vary from minute to month.
For trading on the financial markets, it is important to see certain formations of these candlesticks.
You need to know not only the patterns that are written about in books, such as pin-bar and bullish absorption but also to know why and how they are built.
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