A candlestick gives a summary of how an asset’s price behaved during the period. It may be used with any technical indicators such as candlestick patterns.
What is candlestick?
A candlestick is a graph representing the price action of a trading asset. It displays the open, high, low, and closing prices within a specific period. It is used in technical analysis.
The history of candlestick
Candlestick originated from a Japanese rice merchant named “Honma Munehisa”. He tracked hundreds of years of market prices and daily momentum. Thereafter, it became popularized in the United States.
- Highest price of the day
- Lowest price of the day
- Opening price
- Closing price