Where did candlestick patterns originate?🔥🔥
If you follow any news on cryptocurrency trading, you’ll have probably heard of something called “candlesticks” or “candles” for short, which form “candlestick patterns”, where the relationship of a minimum of two candlesticks is viewed.
Let’s journey back in time to the 1700s in Japan, when rice traders were looking for a way to better track the price movements of rice. What they apparently noticed during their analyses was that the price trends of rice were heavily influenced by market emotion, as well as the traditional measures of supply and demand.
These observations inspired the development of the first candlestick patterns and candlestick charts - highly effective trading tools that provide insight .
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