Understanding the Candles!!

Megh shah
Apr 1, 2021

Candlesticks show that emotion by visually representing the size of price moves with different colors. Traders use the candlesticks to make trading decisions based on regularly occurring patterns that help forecast the short-term direction of the price.

Just like a bar chart, a daily candlestick shows the market’s open, high, low, and close price for the day. The candlestick has a wide part, which is called the “real body.”

This real body represents the price range between the open and close of that day’s trading.

A small explanation understanding of how a candle works.

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Megh shah
Megh shah

Written by Megh shah

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I am Megh Shah. I am just a kid from Ahmedabad who has been passionate about building companies and the stock market.

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