The basics of candlestick
Want to spot chart patterns with confidence? It all starts with understanding candlesticks. They help you grasp market sentiment at a glance, showing how price moved within a certain period.
Here’s a quick and clear refresher on the basics.
What a candlestick shows
Each candle represents four key price levels: Opening price, closing price, highest price and lowest price. Together, they show who was in control — buyers or sellers.
Meaning of candlestick colors
🟩 Green = bullish trend. The price closed higher than it opened. Buyers were stronger. 🟥 Red = bearish trend. The price closed lower than it opened. Sellers took control.
Wicks and price reactions
Wicks are the thin lines above and below the candle body. They show price extremes and how the market reacted to them. Wicks help you spot hesitation, rejection and potential reversals.
It’s your turn 🚀
Practice spotting colors and wicks as you trade at your own pace. Next, we’ll go deeper into reading candles in real market situations.
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