This difference means that many candlestick patterns have only limited application to the forex markets.
The Forex market, for all practical purposes, is free of such gaps. This type of trading applies to equities and to other markets that have pretty clear opening and closing times - like the Japanese Rice market where this charting technique originated. Many of the patterns rely on gaps between closing and opening prices. Very clear description of the basic candlestick patterns. Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East by Steve Nison
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