What Is Candlestick? Meaning & Example
Definition
A candlestick is a chart symbol showing the open, high, low and close for a period. The body shows the open-to-close range, and the wicks show the extremes.
Related terms
Technical analysis studies price charts, volume and indicators to look for patterns and trends. It focuses on market behavior rather than company finances.
SupportSupport is a price area where buying interest has tended to stop declines. Traders watch support levels for potential bounces or breakdowns.
TrendA trend is the general direction in which a price is moving over time. Uptrends make higher highs and higher lows, while downtrends make lower highs and lower lows.
What is Candlestick?
A candlestick is a chart symbol showing the open, high, low and close for a period. The body shows the open-to-close range, and the wicks show the extremes.
Can you give an example of Candlestick?
A green candle with a long lower wick shows price fell during the period but recovered to close higher.