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Understanding candlesticks
Candlesticks are used to show the price action of a stock. They are the foundation of technical analysis (TA). Technical indicators are applied to them in TA. A chart is made of bars that have little lines stemming from the top and the bottom; these are known as candles. The candle conveys 4 pieces of information: open price, close price, high price and low price.
Candles refer to that information for a specific period of time. For a daily ch...
Candlesticks are used to show the price action of a stock. They are the foundation of technical analysis (TA). Technical indicators are applied to them in TA. A chart is made of bars that have little lines stemming from the top and the bottom; these are known as candles. The candle conveys 4 pieces of information: open price, close price, high price and low price.
Candles refer to that information for a specific period of time. For a daily ch...
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