Japanese candlesticks is a style of interval chart, used to describe the stock price movements. Japanese candlestick charts are very popular due to the simplicity of the information presentation and the ease of reading. Currently, Japanese candlestick charts are one of the most common methods of displaying the market data among stock traders. Binapex uses Japanese candlestick charts (Pic.1).


Pic.1. Binapex stock chart.

The following areas can be found in the Binapex stock chart:

  1. Candlesticks area.
  2. Area of trading volumes for interval.
  3. Time and date area.
  4. Time span selection area.

Japanese candlestick description

Every Japanese candlestick used in a chart composed of three parts:

  1. The upper shadow.
  2. Body.
  3. The lower shadow.

Those parts are clearly visible in Pic.2 and Pic.3. Japanese candlestick can also be shown in green and red color. Japanese candlesticks, of which the candlestick chart is composed, allows to present four prices in one element: the open, the close, the high and the low price for the specific time interval. Which is very important for the market analysis.

On Binapex, Japanese candlestick charts are available for the following time intervals: 15 minutes, 30 minutes, 1 hour, 2 hours, 4 hours, 12 hours, 1 day and 1 week.

Bullish (increasing) candlestick

Bullish (or increasing) candlestick is shown in green in Binapex charts. Bullish candlestick (Pic.2) indicates the upward movement of the market and means the stock closed higher than its opening value. The longer the candle, the greater the price difference.


Pic.2. Bullish candlestick.

Bullish candlestick shows:

  1. The highest price in the interval.
  2. The interval close price.
  3. The interval open price.
  4. The lowest price in the interval.

Bearish (decreasing) candlestick

Bearish (or decreasing) candlestick is shown in red in Binapex charts. Bearish candlestick (Pic.3) indicates the downward movement of the market and means the stock closed lower than its opening value. The longer the candle, the greater the price difference.


Pic.3. Bearish candlestick.

Bearish candlestick shows:

  1. The highest price in the interval.
  2. The interval open price.
  3. The interval close price.
  4. The lowest price in the interval.
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