First: What are Japanese candlesticks?
Japanese candlesticks: are visual formations for displaying price movement on charts over a specified time period. They were created by a famous Japanese rice trader named Munehisa Homma in the 18th century.
Japanese candlesticks differ from bar charts as well as line charts, as they feature characteristics that make them the top choice among price display systems on charts. Below, we will highlight their most prominent features.