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App Description*** 60% Off (limited time) ***
Patterns is the â€śBESTâ€ť way to get DAILY Japanese candlestick list. This advanced and detailed application is loaded with graphics and lists of factors that intensify the reliability of each candlestick pattern. Â
- Updated every day after the market closes
- There is no unnecessary information, simple and elegant
- Fast and user friendly interface
- Advanced internal database
Candlestick charts are said to have been developed in the 18th century by legendary Japanese rice trader Homma Munehisa. The charts gave Homma and others an overview of open, high, low, and close market prices over a certain period. This style of charting is very popular due to the level of ease in reading and understanding the graphs. The Japanese rice traders also found that the resulting charts would provide a fairly reliable tool to predict future demand.
The method was picked up by Charles Dow around 1900 and remains in common use by today's traders of financial instruments.
The principals of Japanese candlestick are the same as other technical analysis methods.
- The "what" (price action) is more important than the "why" (news, earnings, and so on).
- All known information is reflected in the price.
- Buyers and sellers move stock market based on expectations and emotions (fear and greed).
- Markets fluctuate.
- The actual price may not reflect the underlying value.
Using candlesticks will help improve your market analysis and stock trading.
If you are a seasoned technician, you will discover how joining Japanese candlesticks with your other technical tools can create a powerful synergy of techniques.
If you are an amateur technician, you will find how effective candlestick stock charts are as a standalone charting method.
**Disclaimer: Â We do not advise investors to buy or sell securities, you, the investor, not missingSTEP.com assume the entire risk of any trading you choose to undertake.
June 10, 2013 Price Decrease: $2.99 -> $0.99
June 03, 2013 Price Decrease: $3.99 -> $2.99
March 05, 2013 New version 3.0
December 18, 2009 Initial Release