Candlesticks

Candlestick charts are a popular tool in technical analysis used to visualize price movements in financial markets. A candlestick shows four key pieces of information for a specific time period: - High: The highest price reached during the period. - Low: The lowest price reached during the period. - Open price: The price at which the asset opened during the period. - Close price: The price at which the asset closed at the end of the period. The main body of the candlestick will be green if the closing price is higher than the opening price (indicating upward movement), and red if the closing price is lower than the opening price (indicating downward movement). - Long green candles suggest strong buying interest, indicating more traders and investors want to purchase the asset. - Long red candles suggest strong selling pressure, meaning more investors are looking to exit their positions. Candlestick charts provide a clear visual representation of market sentiment and can help traders make informed decisions.