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To read Japanese candlestick charts and patterns, you will need to recognize three elements of each candle: its color, its body, and its wick. The color of the candle tells you the direction of movement over a given period, the body of the candle shows the open and close levels of the market, and its wick shows the upper and lower range.
Let's study the parts of each Japanese candlestick, as shown in the figure below.