![]() Hundreds of years later, it became a popular global price chart, used on an everyday basis in financial markets like Wall Street. It originated in Japan in the 1700s and was used by Japanese rice traders to track the market prices and daily momentum of rice. It displays the high, low, open, and close price of an asset over a specific period of time. The Japanese candlestick chart is the foundation of most technical analysis and gives insight into market sentiment. This article explains what a candlestick chart is, how to understand them, and how to recognise basic patterns that indicate certain price movements. Whether you’re taking a long-term investing approach or day trading, knowing how to read candlestick charts is essential. Candlestick patterns are widely used to represent trading prices in the crypto market. Being able to read a candlestick chart is one of the most valuable skills you can have as a trader. ![]()
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