Explanation:
False; Japan is where candlestick charting originated.
Explanation:
Yes, you require a data set that includes open, high, low, and close values for each time period in order to construct a candlestick chart.
Explanation:
True, Japanese Candlestick Charting Techniques by Steve Nison, published in 1990, was the book that first popularized candlestick charts.
Explanation:
False; in actuality, candlestick charts are most effective at quickly and correctly identifying significant market reversals.
Explanation:
It's true that candlesticks are really striking. They are therefore simple to read. They are also good at exposing market psychology.
Explanation:
False; instead, it's crucial to learn the ten most popular and successful patterns as well as how to read candlesticks for clues about market psychology.
Explanation:
False. The majority of seasoned investors utilize candlestick charts regularly while making investing decisions. Candlestick charting is extensively employed by people and businesses who control the majority of the market share, therefore their patterns have a predictable impact on markets. Therefore, using this strategy can help retail investors level the playing field and spot the early warning indicators that professionals also utilize to make investing decisions.
Explanation:
Munehisa Homma, a Japanese rice trader, is credited with creating the idea of candlestick charting. While admitting the impact of supply and demand on rice prices, Homma found during normal trading that the rice market was also influenced by the emotions of traders.
Correct answer:
Diamond
Explanation:
A candlestick is made up of three parts: the body, lower shadow, and higher shadow.
The correct answer:
Direct trading
