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|| Market Education || Financial Glossary || Introduction to Candlesticks || Candlestick & Candlestick Patterns ||

The information presented within this page titled "Introduction to Candlesticks" are provided to you as a convenience and are for educational purposes only. Any definitions or information on this page are not intended to state or suggest the views of concerning the legal significance or meaning of any word or term and no definition/information is intended to state or suggest'sviews concerning any trading strategy or economic theory. Any definitions/information explained herein are intended to educate and inform. Any definitions/information below come with no warranty and if you should choose this information for any decisions whatsoever, you do so solely at your own risk. Trading and/or investing involves high risks and you assume all costs and risks involved with using this information. This is the property of Save Dollar Enterprises, Inc. Please see our Risk Disclaimer 

Introduction to Candlesticks 

The candlestick is a type of charting pattern that is used to describe price movements within a particular market vehicle.

The candlestick chart combines the bar and line chart in that each candlestick provides the price range movement over a specific time frame.

Candlesticks are composed of a body that is either white or black (green/red in some instances) and also have a upper and lower shadow, also known as a wick.

If a particular market vehicle closes higher than it opened, this can be demonstrated with a white or unfilled candle. If the particular market vehicle were to close lower than it opened, it would be demonstrated with a black or filled candle. Wicks are not required for the candlestick but are used to illustrate the highs and lows the particular market vehicle reached during the specified time frame.


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