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#Lesson1: Candlestick Origin, History, Purpose, Basic and its Takeways
✅Origin & History:-The first and foremost people to use past prices to predict future price movements was the legendary Munehisa Homma. He amassed a huge fortune trading in the rice market during the 1700s.
✅Origin & History:-The first and foremost people to use past prices to predict future price movements was the legendary Munehisa Homma. He amassed a huge fortune trading in the rice market during the 1700s.
He is regarded as the father of candlestick in modern day.
✅What is called 'Candlestick'?
A candlestick is a type of price chart used in technical analysis that displays the high, low, open, and closing prices of a security for a specific period.
✅What is called 'Candlestick'?
A candlestick is a type of price chart used in technical analysis that displays the high, low, open, and closing prices of a security for a specific period.
The rectangular part of the candlestick is called the 'real body' and tells investors and traders whether the closing price was higher or lower than the opening price (black/red if the stock closed lower, white/green if the stock closed higher).
