Definitions: Candlestick chart

Summary

A candlestick chart shows the open, high, low, and close for each chosen interval in a body-and-wick format. In this article, it matters because it is one of the clearest ways to read structure before making any interpretation.

Definition

A candlestick chart is a price chart format where each candlestick represents one chosen interval and shows four basic data points: open, high, low, and close. The body and wick make those values easy to scan visually from left to right. In the context of this article, the candlestick chart is useful because it helps a reader identify timeframe, trend, range, support, resistance, and possible breakouts without jumping straight to prediction. The practical point is not that candlesticks guarantee a better forecast, but that they provide a compact and readable record of how price behaved during each interval.

Sources

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