When to prefer candlestick charts

I recommend using candlestick charts because they’re much more readable than other type of charts. You can do candlestick analysis quickly and make better trading decisions.

For me reading candlestick charts is the bread and butter of my trading.

Candlestick charts provide much more info for trading. Using candlestick analysis basics together with important candlestick patterns and other basics of technical analysis leads to the creation of a profitable stock trading strategy.

Japanese candlestick charts of stocks, ETFs, indexes, currencies, commodities are better for visual analysis and trading decisions. See these examples of some candlestick stock charts:

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First is an intra-day chart of some sentiment indicator like TRIN:

The second occasion happens when I need to compare relative performance of two or more stock symbols.

BTW: This relative performance chart is a good tool for measuring relative strength or weakness.

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