What is candlesticks in trading for beginners
🕯️ Candlesticks.... Candlesticks in trading are a type of price chart used to represent the price movements of an asset (like a stock, cryptocurrency, forex pair, etc.) over a specific period of time. Each "candlestick" provides four key pieces of information: _______________________________________ 🔍 Parts of a Candlestick: _______________________________________ 1. Open Price – Where the price started during the time period. 2. Close Price – Where the price ended during the time period. 3. High Price – The highest price reached during that time. 4. Low Price – The lowest price reached during that time. --- 📊 How to Read a Candlestick: 🔴 Bearish Candle (Price Went Down) Open is higher than Close Usually colored red or black 🟢 Bullish Candle (Price Went Up) Close is higher than Open Usually colored green or white --- 🕯️ Candlestick Structure: High │ ┌───┐ ← Wick/Shadow (top) │ │ ← Body (thicker part) └───┘ ...