Candlestick charts show four key prices for a given period: the open, close, high, and low.
Each candle has a body and two wicks (shadows). The body represents the range between the opening and closing price, while the wicks show the highest and lowest prices reached during that period.
A green or filled candle typically means the price closed higher than it opened, while a red or hollow candle means it closed lower.
Traders use candlestick patterns, combined with other tools, to help understand market sentiment and possible price direction. As with any technique, no single indicator guarantees results, and risk management remains essential.
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