📊The first candlestick charting method was invented by 👋Munehisa Homma (本間 宗久), a legendary Japanese rice trader from the city of Sakata, during the 1700s.
🧠 About Munehisa Homma:
Born: Around 1724 in Sakata, Japan.
Profession: Rice trader and market analyst.
Nickname: “The God of Markets” in Japan.
Legacy: Credited with developing candlestick charting, which combined price action and market psychology.
📈 What He Did:
Tracked rice prices using daily open, high, low, and close.
Created candlestick patterns to visualize this data.
Developed a set of principles later known as the “Sakata Rules”, which inspired many modern candlestick patterns.
📘 His Work:
He reportedly wrote a book titled “The Fountain of Gold – The Three Monkey Record of Money” (translated title), which documented his market insights.
> 🕯️ Fun Fact: The candlestick system didn’t reach the Western world until the 1980s, when Steve Nison introduced it in his book “Japanese Candlestick Charting Techniques.”