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Bloomberg Visual Guide to Candlestick Charting by Michael C. Thomsett

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The History of Candlesticks

Mokarimakka? This traditional greeting among business people in Japan means, “Are you profiting?” The culture of investing and trading goes back centuries in Japan, and at the core of this tradition is the candlestick.

This is a device for visually expressing movement of price, in terms of direction, strength, and the more subtle price range versus opening and closing price levels. A single candlestick of one session (a day or other increment of time) is revealing by itself. When combined with two, three, or more consecutive sessions, a candlestick chart reveals a pattern of trading, likely reversal points, and momentum. ...

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