For those who still don't know what Japanese candles mean.
Japanese candles are a graphical way to represent how the price of something (like a cryptocurrency, stock, etc.) moves over a period of time. Each candle gives you four key data points:
1. Open: The price at the beginning of the period.
2. Close: The price at the end of the period.
3. High: The highest price reached during that time.
4. Low: The lowest price reached.
The candle has two parts:
Body: The thick part. It represents the difference between the open and the close. If the close is higher than the open, the body is usually green (up). If the close is lower, it is usually red (down).
Wicks (or shadows): The thin lines above and below the body. They show how far the price went (highs and lows).
In summary, a candle tells you how the price moved over a period, and by looking at them together, you can notice patterns that help you predict future movements. It's like reading the "mood" of the market!