The Japanese began using technical tahlil to trade rice in the 17th century. While this early version of technical tahlil may have been different from the US version initiated by Charles Dow around 1900, many of the guiding principles were very similar The “what” (price action) is more important than the why news, earnings, and […]
The Japanese began using technical tahlil to trade rice in the 17th century. While this early
version of technical tahlil may have been different from the US version initiated by Charles
Dow around 1900, many of the guiding principles were very similar
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 markets based on expectations and emotions (fear and greed
Markets fluctuate The actual price may not reflect the underlying value According to Steve Nison, candlestick charting came later and probably began sometime after 1850. Much of the credit for candlestick development and charting goes to Homma, a legendary rice trader from Sakata. Even though it is not exactly clear "who" created candlesticks, Nison notes that they likely resulted from a collective effort developed over many years of trading