Candlestick Chart Patterns online and their history

Candlestick charts show maximum, minimum, opening and closing prices for securities such as stocks for a specific time period. Candlesticks originate from Japanese rice traders and traders who used them to study and analyze rice prices. This made them hundreds of years before it became popular in trading in Sweden and the west.

None of us can question the significance of light in our lives after all a ray of light, no matter practically or symbolically, has the power to illuminate our lives in a number of ways. For many years, a simple device is illuminating our homes and undoubtedly holds an important place in our lives and that device is fondly addressed as candlestick. Candles have been used since many centuries for spreading light and are known to give true color to man’s celebrations. Though in the modern times, electricity has replaced or should we say limited the use of candles, still it holds a holistic significance in our lives.

Many studies have been conducted from time to time in order to trace back the history and origin of candlestick. Many archeologists suggest that the first traces of candlestick can be found in the Egyptians records that date back to 5000 years from today. The Egyptians used to make torches and flashlights by soaking pithy core reeds into melted animal flesh. However such type of candles were devoid of wick and thus Egyptian civilization could not be regarded as the true originator of candles.

As a trader, you can’t do without a price chart. There are many types of price charts, such as the line chart, bar chart, point and figure chart, candlestick chart, range bar, and Renko chart, but since its introduction to the Western world by Steve Nison, the candlestick chart has become one of the most popular and widely preferred methods of charting price action.

This shouldn’t come as a surprise though. The candlestick chart provides a lot of useful information about what price has done within the specified timeframe. And with its color coding and visible shapes and patterns, you can easily see what’s happening in the market at a glance.

After repeated study on this topic and extensive research, archeologists and researchers found that the first wicked candlestick was created in Ancient Rome. The Romans used to dip rolled papyrus in beeswax or melted tallow repeatedly and this is how they used to illuminate their houses at night and add holistic touch to all their celebrations and religious ceremonies. The Chinese and Japanese people too created candles from the wax extracted from insects and plants. There was a time when wax for making candles was derived from animal fat but later on this practice was replaced by using beeswax which was purer and provided clean burning. It was in colonial times when American women too discovered the art of candlestick making and created their wax from bayberries and later on spermaceti wax.

Due to the repeated inventions and innovations in the candlestick making industry, today we’ve been able to take advantage of some of the most wonderful, stunning looking and aromatic candles that are basically made from paraffin and stearic acid. Though with the advent of electricity, candles no longer serve the purpose of illuminating our houses, still they are used in plenty of ways in our daily routine. However, one no longer needs to roam from shop to shop in order to get their favorite candles as these days one can easily buy candles online.

Buying candles online not just saves one’s time and energy but also benefits one in number of ways. Firstly, the online merchants have a huge variety of candlestick on display in their catalogues that are different in shapes and sizes and thus one has complete freedom to look for the candles best suited to them. Secondly, there are plenty of discounts and offers that one can take advantage of while buying candles online as online merchants purchase candlestick in bulk; they offer the same at wholesale prices to their customers. Thus, if you are planning to buy candles for creating a holistic vibe in your home or adding beauty to your celebration or festival, visit an online candle store now.You can also buy candles as garden gifts candles as garden gifts for your or a loved ones garden, shop now.

Candlestick i Sverige.