What is candlestick
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Chart 📈 pattern |
A candlestick is a charting tool used by traders to visualize the price movements of an asset, such as a stock, currency, or commodity, over a period of time. It consists of a vertical rectangle, or "body," with two lines, or "wicks," extending from the top and bottom of the body. The body represents the opening and closing prices of the asset, while the wicks represent the high and low prices during the time period being charted.
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Bullish and biarish char partan |
Candlestick charts were developed in Japan in the 18th century and have since become a popular method of technical analysis in financial markets. Traders use candlestick charts to identify patterns and trends in price movements, which can help them make informed trading decisions.
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