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What are candlestick charts and how do I read them?

 

Candlestick charts are a popular tool to show a stock's price movement over time. Candlestick charts provide a visual representation of market trends. They have three main parts: the body, upper wick, and lower wick. The body shows the opening and closing prices. The upper wick shows the highest price reached during the period, while the lower wick shows the lowest price.

 

By analyzing candlestick patterns, you can gain valuable insights into market sentiment and potential price trends. Understanding the basics is crucial for identifying signals of price reversals, continuation patterns, or trends. With practice, reading and interpreting these charts becomes easier, enabling investors to make more informed decisions.

 

Also read: Morning Star Candlestick Pattern