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What is a Japanese Candle?
✍️ Post Text:
🔍 Japanese candles are not just drawings on the chart, they are the way the market speaks!
In this first lesson, we will learn about:
📌 What is a Japanese Candle?
The Japanese candle represents price movement over a specific time period (such as 1 minute, 1 hour, 4 hours...).
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Each candle consists of:
1. Opening Price (Open)
2. Closing Price (Close)
3. Highest Price (High)
4. Lowest Price (Low)
🟩 If the candle is green:
This means that the price closed higher than the opening → the market is bullish
🟥 And if it is red:
This means that the price closed lower than the opening → the market is bearish
📊 Candle Components:
The wide part = Body of the candle
The upper and lower line = Wick or shadow (represents the highest and lowest point)
🧠 Note:
Long Body = Strong pressure from sellers or buyers
Long Wick = Strong rejection of the price (often an important candle)