Understanding candlesticks is essential for navigating the markets. Each candlestick represents price action within a specific time frame, revealing vital information about market sentiment.
Bullish Candle:
Open: The price at the start of the session.
Close: The price at the end, higher than the open.
Real Body: The filled area between open and close.
Shadows (Wicks): The lines extending from the body, indicating the highest and lowest prices during the session.
Bearish Candle:
Open: The starting price.
Close: Lower than the open, showing downward momentum.
Real Body & Shadows: Same structure as bullish candles but with opposite sentiment.
Mastering candlestick anatomy can help identify key levels, reversals, and trends. Start practicing today!