Japanese Candlesticks

A charting technique, originating in Japan and made known to the West in the 1980s by Steve Nison. It consists of a rectangle area defined by the Open and the Close price. The color of the rectangle area corresponds to the relation between the Open and Close price. If Close is higher, then the candlestick is considered bullish and it’s hollow or white. Otherwise, if the Close is lower, then the candlestick is considered bearish, and its color is black or filled. The area between the Open and Close price is known as the Body or Real Body. The line extending above the Body is called the Upper Shadow or Wick. The highest point on the Upper Shadow/Wick denotes the highest price reached during the specific session and is known as the High price. Similarly, the line below the Body is called the Lower Shadow or Wick. The lowest point on the Lower Shadow/Wick denotes the lowest price reached during the specific session and is known as the Low price. The area between the High and the Low price denotes the Range of the Day.

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