📊 *Chart Analysis 101: Understanding Candlesticks* 📊

Hey traders! 👋 Welcome to our bite-sized learning class on chart analysis and trading!

What is a Chart? 🤔

A chart shows price movements over time, with:

- Price on the y-axis 📈

- Time on the x-axis 🕰️

Candlestick Charts 🕯️

The most efficient and common chart type is the candlestick chart.

What is a Candle? 🤔

A candle is a structure formed from price movement over a specific time, adjustable according to trade type.

Types of Candles 🕯️

There are two main types of candles:

1. *Red Candle* 🔴

- Indicates closing price is below opening price

- Example: 5-minute candle, opening price at 10:15, closing price at 10:20; if red, closing price is lower than opening price

2. *Green Candle* 🟢

- Indicates closing price is higher than opening price

- Vice versa of red candle

Stay Tuned! 📺

Learn more about candles, shadows, and price movement analysis in our next post!

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