western candlestick investigation has been in existence for hundreds of years and is a valid form of technical analysis. Candlestick charting
has its own origins in the militaristic culture that has been prevalent in Japan in the 1700s. One sees many conditions throughout the Japanese literature on
this subject that reference military analogies, like the Three White Soldiers pattern
Unlike more conventional charting procedures, candlestick charting provides a deeper look in to the mind-set of investors, assisting to establish a
clearer image of supply/demand dynamics.
Japanese candlestick graphs do not require anything new or different so far as cost data are concerned. Open, high, low, and close are all that are
needed to construct a candlestick chart. There are two main elements in the construction of a candlestick, the real body and the shadows.