Advantages and disadvantages of Japanese candlesticks

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Japanese candlesticks have advantages and disadvantages just like any other tool in the trading world. Learn about the most important advantages and disadvantages in the following points:
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Ease of understanding and reading:
Japanese candlesticks provide a clear visual representation of price movement, making it easier for traders to quickly understand market trends.
Rich details:
Candles provide comprehensive information on the opening and closing prices and the highest and lowest prices in a given period of time, providing a complete view of the market.
Easily identify patterns:
Japanese candlesticks allow traders to recognize specific patterns, such as bullish or bearish engulfing, hammer, and doji, which can indicate a potential trend reversal or continuation.
Flexibility:
Japanese candlesticks can be used on various time frames, from micro to monthly charts, making them a flexible tool for different traders.
Technical analysis support:
Japanese candlesticks help in applying several technical indicators, such as moving averages and relative strength indicators, which enhances the accuracy of the analysis.