How To Read Candle Bar Chart?

Open: the first price traded during the period

High: the highest price reached during the period

Low: the lowest price reached during the period

Close: the last price traded during the period

Body: the area between open and close

Wick or shadow: the lines above and below the body showing high and low

Bullish candle: close is higher than open

Bearish candle: close is lower than open

Green or white candle: usually bullish

Red or black candle: usually bearish

Long body: strong price movement

Short body: weak price movement or consolidation

Long upper wick: price was pushed up but rejected

Long lower wick: price was pushed down but recovered

Doji: open and close are nearly the same

Hammer: small body with a long lower wick

Shooting star: small body with a long upper wick

Timeframe: each candle represents a set period such as 1 minute, 1 hour, or 1 day

Trend: a series of candles moving upward, downward, or sideways

Support: price area where candles often stop falling

Resistance: price area where candles often stop rising

Volume: number of shares or contracts traded during the candle period

Context: read candles together with trend, support, resistance, and volume

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