Cherlohons

What do Japanese candlesticks represent?

Japanese candlesticks represent, in addition to price movement, the sentiment that existed during that time period.

The sentiments are: greed when we see a rise in prices with large green body candlesticks, fear when we see a drop in prices with large red body candlesticks, and uncertainty when we see small candlesticks or indecision candles. Reading Japanese candlesticks along with their price context is much more powerful for making entry or exit decisions.

It is also important to understand that each Japanese candlestick indicates a battle between buyers and sellers, and you will see these sentiments reflected on every occasion. If large consecutive green candlesticks start forming indicating euphoria, people will want to join the feast, but it is not a good idea to be part of the crowd that moves out of emotion. It is better to be the patient person who waits for the ideal moment, which is to buy when everyone wants to sell and sell when everyone wants to buy.

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The body of the Japanese candle:

The body of the Japanese candle is created from the opening price and the closing price. Let's say that in a 5-minute chart, the price of the AAPL stock opens at 150.50 and closes at 151.50. Since the closing price is higher than the opening price, we have a green candle (green body).

The high of the Japanese candle:



The high of the Japanese candle is the highest point that the price reached in that time frame (in this example, I am using 5 minutes). Continuing with the candle above, the maximum price of that candle could have been 151.80. Since the price did not close at its high but retreated to 151.50, we see that black upper wick.

The low of the Japanese candle:

Conversely, the low of the Japanese candle occurs. The low is the lowest point that the price reached in that time frame. Continuing with the candle above, the minimum price of that candle could have been 150. Since the price did not close at its low but rose to 151.50, we see that black lower wick.

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▶Japanese Candles for Beginners:

Japanese candles are part of any technical analysis. That's why I bring you an essential guide that you can use to start understanding all the elements that make up Japanese candles and the interpretation of the battle between buyers and sellers within the context of price.

According to Investopedia, a Japanese candle is the graphical representation of the price quote of an asset in a specific time frame. A Japanese candle indicates 4 things: opening price, minimum, maximum, and closing price.

If we have a time frame of 5 minutes, each candle represents the movement or variation of the price during those 5 minutes. The candle is green if the closing price is above the opening price.

On the other hand, a candle is red if the closing price is below the opening price. The body of the candle indicates how much variation the price suffered during that time period.

The lower and upper shadows mean that the price was moving at that price but retreated. These shadows are also known as upper tails or lower tails.

Many traders use Japanese candle charts to determine the possible price movement based on previous patterns. Japanese candles are useful as they show four price points (opening, closing, maximum, and minimum) over the time period you choose in a charting tool. Many algorithms are based on the same price information shown in Japanese candle charts. The price movement of a security is largely dictated by the emotions of the traders, and this can be read in Japanese candle charts.

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Next, the parts of the Japanese candle:

1. Japanese Candlestick Charts

Japanese Candlestick Charts are a visual representation of the prices of financial assets over time.
They allow you to identify patterns and trends, as well as support and resistance levels to determine entry points into the market and when it is time to sell.

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There are several types of trading, each with its own characteristics and approaches. In this section, we will explore the different types of trading so you can find the approach that best suits your goals and lifestyle.

3. Long-term Trading (Position Trading)



Position traders hold positions for weeks, months, or even years. This approach is based on fundamental analysis and the identification of long-term trends.

It is less time-intensive and may be suitable for those who cannot dedicate much time to daily trading.

This type of trading is ideal for you if:

You are patient and strategic: Requires a patient mindset, as it involves holding positions for the long term (years), and strategic to analyze long-term trends. You have a long-term focus: Ideal for those who prefer long-term investments and do not want to be involved in daily market movements. You prefer bullish markets: Works best in bullish markets with strong trends, as position trading is better suited to positive market conditions.

Each type of trading has its pros and cons, and it is important to find the approach that best fits your goals and lifestyle. Regardless of the type of trading you choose, it is essential to have a clear strategy and follow sound risk management practices.

Learn about Technical Analysis

Technical analysis is an essential tool for trading, as it helps you identify patterns and trends in the prices of financial assets.

Here are some of the most common technical analysis tools you can use:

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There are several types of trading, each with its own characteristics and approaches. In this section, we will explore the different types of trading so you can find the approach that best suits your goals and lifestyle.

2. Short-term Trading (Swing Trading)





Swing trading involves holding positions for several days or weeks to take advantage of short-term price movements.

Swing traders seek to identify trends and price patterns that may provide profit opportunities.

This trading style is ideal for you if:

You are patient: Swing trading involves holding positions for several days or weeks, requiring patience to wait for significant movements to materialize. You have a high analytical ability: Those who can analyze short-term trends and select assets with potential for notable movements benefit. You have a moderate risk tolerance: Although less volatile than day trading, swing trading still involves risks, making it ideal for individuals with a moderate risk tolerance. Interested in short-term changes: Suitable for those who want to take advantage of the market's natural fluctuations without committing long-term. You have a strategic mindset: It requires the ability to plan and execute short-term strategies, such as seeking minimum profit/loss ratios of 3:1.

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There are several types of trading, each with its own characteristics and approaches. In this section, we will explore the different types of trading so you can find the approach that best fits your goals and lifestyle.

1. Day Trading


This form of trading involves opening and closing positions on the same day.
Day traders seek to take advantage of intraday market movements to make quick profits. It requires paying attention to charts and price patterns in real-time.
This trading style is for you if:


You are disciplined: Discipline is crucial for this challenging trading style to yield results. Sticking to your trading plan is what will give you an opportunity as a day trader.

You are patient: Patience is essential to wait for ideal trading conditions and resist the temptation to make impulsive decisions.

You are adaptable: The ability to quickly adapt to market changes is vital for the success of day trading.

You are mentally strong: Mental strength helps manage emotional pressures and overcome losses without negatively affecting your performance in future trades.

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