0 basic that everyone needs to know
chart analysis speaks in terms etc and such
So go there to learn what nobody teaches here
🕯️ What is a candle
A candle is a period of time on the chart that shows how the price behaved during that interval.
It answers 4 things:
1. Opening price
2. Closing price
3. Highest price
4. Lowest price
All this in a specific time
(ex: 1 minute, 5 minutes, 1 hour, 1 day).
🎨 How to read a candle
🟢 Green candle (or white)
➡️ The price closed higher than it opened
= more buyers than sellers
🔴 Red candle
➡️ The price closed lower than it opened
= more sellers than buyers
Still didn’t understand? Hold on….
I’ll draw
📐 Parts of the candle
| ← wick (max)
█ ← body (opening ↔ closing)
| ← wick (min)
• Body: where it opened and closed
• Wick: how far the price tried to go, but couldn’t stay
Why the candle is important
Because:
• wick deceives
• closing confirms
📌 The market respects closing, do not touch.
🔥 to summarize
Candle is the “complete sentence” of the market at that time.
The wick is the “rehearsal”.
The closing is what matters.
The subject is complex
I hope I was clear, I tried to present it in a light and simple way for everyone who doesn’t know to understand
I hope I helped and see you in the next post
chart analysis speaks in terms etc and such
So go there to learn what nobody teaches here
🕯️ What is a candle
A candle is a period of time on the chart that shows how the price behaved during that interval.
It answers 4 things:
1. Opening price
2. Closing price
3. Highest price
4. Lowest price
All this in a specific time
(ex: 1 minute, 5 minutes, 1 hour, 1 day).
🎨 How to read a candle
🟢 Green candle (or white)
➡️ The price closed higher than it opened
= more buyers than sellers
🔴 Red candle
➡️ The price closed lower than it opened
= more sellers than buyers
Still didn’t understand? Hold on….
I’ll draw
📐 Parts of the candle
| ← wick (max)
█ ← body (opening ↔ closing)
| ← wick (min)
• Body: where it opened and closed
• Wick: how far the price tried to go, but couldn’t stay
Why the candle is important
Because:
• wick deceives
• closing confirms
📌 The market respects closing, do not touch.
🔥 to summarize
Candle is the “complete sentence” of the market at that time.
The wick is the “rehearsal”.
The closing is what matters.
The subject is complex
I hope I was clear, I tried to present it in a light and simple way for everyone who doesn’t know to understand
I hope I helped and see you in the next post