Price Action Trading/ Japanese Candlesticks Charting is an ancient Japanese technical analysis method used in rice trading in 1600s and then used in trading rice contracts from 1710.

The candlesticks not only display the absolute values of the open, high, low, and closing price for a given time period, but they also indicate trend continuation and trend reversal more clearly and more precisely. It is a pictorial representation of demand and supply, which is the force behind any price movement!