![]() ![]() Each candle has 4 price points, the opening, closing, high and low of the session. It consists of consecutive Japanese candles. Candlestick chart is a more advanced chart type. Rice trader Munehisa Honma is considered the father of candlestick charting. For trend followers, price charts also make it quite easy to identify a developing trend just by looking at the direction the line is taking. This makes it easy to identify important price points such as support and resistance levels. The first is that they are easier to read. They are quite simple to read since you don't have to worry about complex details associated with advanced charts like the Japanese candles. ![]() It consists of closing price points connected by a line. Finding price charts on the IQ Option platform IQ Option Line Chart
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