A Beginner’s Guide to Candlestick Patterns

The Candlestick chart (also known as the Japanese candlestick chart) is a type of financial chart that describes price movements for security, derivative, or currency. The pattern is thought to have originated from a Japanese rice merchant named Munehisa Homma in the 18th century. The pattern was later introduced to the United States by Steve Nison in his book, Japanese Candlestick Charting Techniques. A Candlestick's performance varies depending on the type. An analysis done by Thomas Bulkowski, who built performance…