Lesson 1: Are You Ready to Learn? — Introduction to Candlestick Charts
In the early 17th century, Japanese traders used a unique method to record rice prices, which later became known as "candlestick charts."
Candlestick charts are not just graphs; they are a language that expresses market psychology and price movement at every moment.
A candlestick consists of four main elements:
Opening Price
Closing Price
Highest Price
Lowest Price
These elements translate into the body of the candlestick and its wicks, which give you a clear picture of market movements over a specific period.
In this lesson, we will learn how to read these candlesticks and understand their basic meanings to begin our journey into the world of technical analysis professionally.
Are you ready? Let's get started!
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