Candlestick
Japanese nation start using technical analysis to deal rice in the 17th century. While the initial version of most of the technical analysis of this can vary with the United States introduced a version by Charles Dow around 19th century, but many principles are still the same in all.
According to Steve Nison, candlestick charts appear and may eventually start some time after 1850. Some of the benefits of development starting from the candlestick charts Homma, a legendary trader from the city of Sakata.
Actually there are more types of graphs such as bar charts, dot charts, line charts, and others. However candlestick is more often used by traders because of the appearance of representative or easy to read.
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we can see the picture above. Picture a blue candle means that the bullish or up and Figure candle color red means the bearish or down. but do not surprised if there are different colors. depending on the broker and charts setting user.
