TRADING LESSONS FOR BEGINNERS 102
(Part 2)
What Is a Candlestick Chart?
Imagine you are tracking the price of an asset like a stock or a cryptocurrency over a period of time, such as a week, a day, or an hour. A candlestick chart is a way to represent this price data visually.
The candlestick has a body and two lines, often referred to as wicks or shadows. The body of the candlestick represents the range between the opening and closing prices within that period, while the wicks or shadows represent the highest and lowest prices reached during that period.
A green body indicates that the price has increased during this period. On the other hand, a red body indicates a bearish candlestick, suggesting that the price decreased during that period.
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