#Candlestick part 1

Components of a Candlestick

1. Body

Represents the opening and closing prices for the selected time period.

Green (or white) Candle: The closing price is higher than the opening price (price went up).

Red (or black) Candle: The closing price is lower than the opening price (price went down).

2. Wicks (or Shadows)

Thin lines above and below the body.

Upper Wick: Shows the highest price during the time period.

Lower Wick: Shows the lowest price during the time period.

3. Open and Close Prices

Open: The price at the start of the time period.

Close: The price at the end of the time period.

Reading a Candlestick

Bullish Candle (Green):

Close > Open → Buyers dominated the market.

Bearish Candle (Red):

Open > Close → Sellers dominated the market.