What Is Candlesticks ?

⇧CANDDLESTICKS⇩

• A  candlestick represent the price movement of stock over a certain time period. This type of chart quite popular among traders because they are easy to read and understand.
• Component of candlestick offers wide range of info in a simple manner. Each candlestick is compose of a body and wicks.
• There are two type of candle Positive Candle (Showing Green Colour) & Negative Candle. (Showing Red Colour).

A Candlestick Look like This.
          

• A GREEN candlestick is formed if the close is above the open.
•  A RED candlestick is formed if the close is below the open.
• The thin lines that extend from the top and the bottom are known as wicks or shadow.
• The top of the upper wick represent the high.
• The bottom of the lower wick represent the low.