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Candles have served humanity as a source of light (and sometimes fragrance) for centuries, since their invention. In financial markets, their purpose can be said to be similar; they illuminate the path of asset prices and can help traders detect the sweet scent of profits. Japanese candlesticks provide comprehensive information about prices at any given time. While line charts represent a smooth line of closing prices, Japanese candlesticks show opening, closing, high, and low prices for any time period. The opening and closing prices are represented by the body of the Japanese candlestick, while the extreme prices (highs and lows) are represented by the wicks. Typically, the candle is colored green if the closing price is higher than the opening price; and red if the closing price is lower than the opening price.

Due to the amount of information they provide, Japanese candlesticks form the basis of technical analysis. The size and shape of the candle indicate important price movements. Therefore, traders look for Japanese candlestick patterns when trading. A Japanese candlestick pattern can be a single candle or a series of multiple Japanese candles, which give a comprehensive picture of market sentiment. Based on where they form on the chart, Japanese candlestick patterns help traders understand the price movement of the underlying financial asset to choose trading opportunities#TrumpVsMusk $BTC $ETH $BNB