Irwin Porter – Japenese Candlesticks Charting, Analysis & Trading

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Irwin Porter – Japenese Candlesticks Charting, Analysis & Trading
A candlestick chart is a style of financial chart used to describe price movements of a security, derivative, or currency. Each “candlestick” typically shows one day; so for example a one-month chart may show the 20 trading days as 20 “candlesticks”.
It is like a combination of line-chart and a bar-chart: each bar represents all four important pieces of information for that day: the open, the close, the high and the low.
Candlestick charts are most often used in technical analysis of equity and currency price patterns. They appear superficially similar to box plots, but are unrelated.