History of candlesticks

No1 History of candlesticks

PART = 1

After seeing and understanding the candlestick patterns your accuracy will be 95% in the trading chart. 

From the line chart there are the basic points to understand the market but by candle sticks there is much more information to understand and enter in the market .

To understand the complete candlesticks circle we divided into different points 

1 history of candlesticks 

In Japan 1770 in rice trading.here was a trader whose name was (mune hisa homma). 1724 to 1803 

By doing the trading he observed one thing that the price didn't move by herself.

It's created a pattern that nobody understands till now.he works on price as a result of that he sees the price was more repeated by pattern way then he decided to build a chart whose name was candlesticks chart. 

From the starting time he made two types of candlesticks.

1 bullish candlestick that colour was white 

2  bearish candlestick that colour was black 

Bullish candlestick means or present buying 

Either 

Bearish candlestick means or present selling 

The name candle sticks is coming from the word candle.

And the colours of candlesticks which he decided he sees from the game of chase.which is black and white till now.

The news tells that after creating those charts & patterns that man (mune hisa homma).is very rich and also known as the father of candlesticks till now.

He is called the father of candlesticks.After introducing the method is used in the whole Japan because it is work fit. By begging, these candle stick patterns are written in the Japanese language because they are built there.and then translated into English language.

The second person who translated into English language.he American name was (Steve Nison) by the help of her friend who is Japanese.

After 300 years he published a book called (candle sticks charting by Steve Nison) which is world wide famous.

He also makes changes like colour bullish candlestick which passed colour is White he changed into Green or Blue.

And bearish candlestick which passed colour is Black he changed into Red .

Which we see on charts nowadays.

After years that translation this format style is famous world wide and the majority depends and works / uses that pattern.japanese hidden this knowledge from the world from 300 years.by research this point also be say some analyst that the original version of (mune hisa homma)of candlesticks cant be found till now.may be may be not.