Japanese Candles
Japanese Candles, also known as candlestick charts, are a popular method for visualizing price movements in financial markets. Each candle represents a specific time period, showing the opening, closing, high, and low prices. The body of the candle indicates the price range between the opening and closing, while the wicks (or shadows) show the highest and lowest prices during that period.
These charts help traders identify market trends and potential reversals. A green candle indicates that the closing price was higher than the opening price, while a red candle shows the opposite. By analyzing patterns formed by these candles, traders can make informed decisions.