Widespread Attention for Candlestick Chart
Why candlestick chart get the extensive interest? There are many reasons and a few are:
- The Japanese probably know all the Western methods of technical analysis, yet we know almost nothing about theirs. Now it is our turn to benefit from their knowledge. The Japanese use a combination of candlestick charting techniques along with Western technical tools.
- The primary reason for the widespread attention aroused by candlestick charts is that using them instead of, or in addition to, bar charts is a win-win situation.
- Candlestick charts are flexible. Users run the spectrum from first-time chartists to seasoned professionals. This is because candlestick charts can be used alone or in combination with other technical analysis techniques. I am not trying to convince veteran technicians that this system is superior to whatever else they may be using. The candlestick charting techniques provide an extra dimension of analysis