About Japanese candlesticks Advantages of Japanese candlesticks:
1- Candles have different shapes and each shape has specific meanings that help traders predict the next price movement.
2- It enables you to read the chart accurately and quickly.
3- In addition, price action analysis is mainly based on the use of Japanese candlesticks.
4- It is also used by most traders in the world, because the main driver of prices is traders, which contributes positively to predicting price movement.
* Green candles are bullish candles, and indicate that at this time the price has risen.
* Red candles are bearish candles, and indicate that at this time the price has fallen.
* Each candle represents a specific unit of time * Opening price: is the price at which the candle began to form.
* Closing price: is the price at which the candle ended.
* Lowest price: is the lowest price the candle has reached.
* Highest price: is the highest price the candle has reached.
The candle represents a specific unit of time, and this time is known as the time frames.
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