𝗦𝗽𝗼𝘁 𝘁𝗵𝗲 𝗣𝗮𝘁𝘁𝗲𝗿𝗻𝘀, 𝗣𝗿𝗲𝗱𝗶𝗰𝘁 𝘁𝗵𝗲 𝗧𝗿𝗲𝗻𝗱𝘀!

Let's start from the basics: 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗮 𝗖𝗮𝗻𝗱𝗹𝗲𝘀𝘁𝗶𝗰𝗸?

Describes the price movements of a security, derivative, or currency.

Similar in appearance to a bar chart, each candlestick shows four key pieces of information: the opening price, the closing price, the highest price, and the lowest price during the time period.

𝗖𝗼𝗺𝗽𝗼𝗻𝗲𝗻𝘁𝘀 𝗼𝗳 𝗮 𝗖𝗮𝗻𝗱𝗹𝗲𝘀𝘁𝗶𝗰𝗸

- 𝗕𝗼𝗱𝘆: The thick part of the candlestick represents the range between the opening and closing prices.

- 𝗕𝘂𝗹𝗹𝗶𝘀𝗵 𝗖𝗮𝗻𝗱𝗹𝗲𝘀𝘁𝗶𝗰𝗸 (𝗚𝗿𝗲𝗲𝗻): Indicates that the closing price was higher than the opening price, showing a price gain.

- 𝗕𝗲𝗮𝗿𝗶𝘀𝗵 𝗖𝗮𝗻𝗱𝗹𝗲𝘀𝘁𝗶𝗰𝗸 (𝗥𝗲𝗱): Indicates that the closing price was lower than the opening price, showing a price loss.

- 𝗪𝗶𝗰𝗸𝘀 (𝗼𝗿 𝗦𝗵𝗮𝗱𝗼𝘄𝘀): The thin lines above and below the body represent the high and low prices within the period.Upper Wick: Shows the highest price reached during the period.

- 𝗟𝗼𝘄𝗲𝗿 𝗪𝗶𝗰𝗸: Shows the lowest price reached during the period.

𝗛𝗼𝘄 𝘁𝗼 𝗥𝗲𝗮𝗱?

𝗛𝗶𝗴𝗵 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗮𝗻𝗴𝗲: The top of the upper wick.

𝗟𝗼𝘄 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗮𝗻𝗴𝗲: The bottom of the lower wick.

𝗣𝗿𝗶𝗰𝗲 𝗮𝘁 𝗢𝗽𝗲𝗻: The price at the start of the period. For a bullish candlestick, this is the bottom of the body. For a bearish candlestick, this is the top of the body.

𝗣𝗿𝗶𝗰𝗲 𝗮𝘁 𝗖𝗹𝗼𝘀𝗲:The price at the end of the period. For a bullish candlestick, this is the top of the body. For a bearish candlestick, this is the bottom of the body.

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