Japanese candlesticks are a type of chart that is commonly used in the financial markets, including the stock market. They are called "candlesticks" because they are represented by a series of

In our last article, we explained about trends, support and resistance levels and trendlines. An additional trendline technique makes use of channel lines. Drawing channel lines In an uptrend, first draw

Long White Candlestick The long white candlestick reflects the bullish period of the market. It says that the session opened near its low and closed near its high which means that the price rose in the

Long Black Candlestick Long black candlesticks reflect the bearish periods of the market. It also indicates that the session opened near its high and closed near its low which says that the price fell

Shadows The thin lines above and below the real body are called the shadows. The shadows indicate the price extremes of a session. The line above the real body is called the upper shadow and the line below

Black Candlesticks and White Candlesticks Black Candlestick = Bearish (High to low, falling, descending, price dropping, downward, downtrend) White Candlestick = Bullish (Low to high, upward, uptrend,