What is Japanese Candlestick Chart?

Japanese Candlestick Chart is a chart format used to display price movements in financial markets. It originated in Japan in the 18th century, used by Japanese rice merchants, and was later introduced to the West by the United States. Candlestick charts provide investors with more intuitive price information, including the opening price, closing price, highest price and lowest price.

What is the use of candlestick charts?

Candlestick charts are often used in technical analysis to help traders and investors identify trends, reversals, and trading opportunities.

Candle body and upper and lower shadows

"Candlestick Body": The candle body is the physical column you see, which represents the price range between the opening price and the closing price.