: Indicates a "Bullish" period where the price closed higher than it opened.
: Indicates a "Bearish" period where the price closed lower than it opened. The Wicks (Shadows) : The thin lines extending above and below the body. Candlestick Charting
Report: Fundamentals of Candlestick Charting Candlestick charting is a centuries-old method of visualizing price movement, originally developed by Japanese rice merchants. Unlike basic line charts that only show closing prices, candlesticks provide a detailed "story" of market activity by displaying four key data points for any given time period: the , High , Low , and Close (OHLC). 🕯️ Anatomy of a Candlestick : Indicates a "Bullish" period where the price
Candlesticks are prized for their ability to reveal market sentiment and momentum at a glance: 🧠 Market Psychology & Interpretation Each candle consists
: Shows the lowest price reached during the period. 🧠 Market Psychology & Interpretation
Each candle consists of two primary components that represent the battle between buyers and sellers: : The rectangular center of the candle.
: Shows the highest price reached during the period.