A candlestick is a visual tool that shows an asset's price movement. Candlestick charts allow traders to quickly interpret market data through simple bars, making it a must-know for every trader. Here’s a breakdown of the three key parts:
1. Body:
The thicker section of the candle that shows the range between the opening and closing prices.
2. Wick (or Shadow):
The thin lines extending from the body, representing the highest and lowest prices during that time.
3. Color:
This reveals the market's direction:
🟩 Green: Prices are rising (Bullish)
🟥 Red: Prices are falling (Bearish)
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