Also, most candlestick charts show a lower close than the open represented by either a red or black candle with the opening price as the top of the candle body and the closing price as the low of the candle body. Most candlestick charts show a higher close than the open as represented by either a green or white candle with the opening price as the bottom of the candle and the closing price as the high of the candle. The Ultimate Candlestick Pattern Cheat Sheet How to Read CandlesticksĪ candlestick is a type of chart used in trading as a visual representation of past and current price action in specified timeframes.Ī candlestick consists of the ‘body’ with an upper or lower ‘wick’ or ‘shadow’.
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