Candle Charts

Candlestick charts are commonly used in technical analysis to visualize the price movements of financial instruments such as stocks, forex, and commodities. They are called "candlestick" charts because each data point is represented as a "candle," with a "wick," "body," and "shadow." The body of the candle represents the difference between the opening and closing prices and is usually drawn as a rectangle. If the closing price is higher than the opening price, the body is typically drawn white or green to indicate a bullish trend. If the opening price is higher, the body is drawn black or red to indicate a bearish trend. Always have this in your mind!