Topic: The Beginner's Guide to Technical Analysis 1ST.
CANDLESTICK; Candlestick is a type of chart that shows the price action of a security over a period of time. The body of the candlestick represents the open and close prices, while the wick (also called the shadow) represents the high and low prices. Now let's break it down even more. The top of the wick represents the highest price reached during the period, and the bottom of the wick represents the lowest price reached during the period. The body of the candlestick represents the range between the open and close prices. The body of the candlestick tells us whether the close price was higher or lower than the open price. If the body is green, it means the close price was higher than the open price. If the body is red it means the close price was lower than the open price.
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