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"This guide explains everything in simple language so beginners can read charts like a pro".
Here is an chart example:
If youāre new to trading, candlestick charts are one of the most important tools youāll use. Every candle tells a story about buyers, sellers, and market sentiment. Understanding candlestick formation and wicks will help you make better trading decisions.
Here is an example: (BTC day-time chart drawn with support/demand and resistance zones).ā¬ļø
šWhat Is a Candlestick?Ā Its Structure & Details:
A candlestick is a visual representation of price movement over a specific period, such as 1 minute, 5 minutes, 1 hour, or 1 day.ā¬ļø
Here is an example:
Each candle has four main components:
1. Open Price ā Where the price started during that period
2. Close Price ā Where the price ended
3. High Price ā The highest price reached
4. Low Price ā The lowest price reached ā¬ļø
Candlestick Body: ā¬ā¬
The body of the candle shows the difference between open and close prices.
ā¢ Bullish Candle (Green/White) ā Close > Open
ā¬ļø Price moved upward
ā¢ Bearish Candle (Red/Black) ā Close < Open
ā¬ļø Price moved downward
The body size indicates the strength of buyers or sellers:
ā¢ Large body ā strong momentumā¬ļø
ā¢ Small body ā weak momentum / indecisionā¬ļø
