charteducation

CAN YOU READ A CANDLESTICK CORRECTLY? 📈

Every standard candlestick is built from four values:

🟢 Open: where the period began
🔺 High: the highest traded price
🔻 Low: the lowest traded price
⚪ Close: where the period ended

The candle body represents the open-to-close relationship. The wicks show how far price travelled beyond the body during that timeframe.

But one candle is not a complete market explanation. Context matters: timeframe, surrounding candles, trading volume and the broader price structure can change how a chart should be interpreted.

Start with the data before reaching for a pattern name.

Mini challenge: Which four values make up OHLC?

Binance Academy | A Beginner's Guide to Candlestick Charts

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