Understanding Candlestick Charts
A candle summarises four prices for a chosen interval. The body connects open and close; the wicks show high and low. The colour describes the direction during that interval.
Learning outcomes
✓ Explain open, high, low and close
✓ Explain timeframe context
✓ Explain interpreting wicks
Course curriculum
1. Open, high, low and close · 12 min
A candle summarises four prices for a chosen interval. The body connects open and close; the wicks show high and low. The colour describes the direction during that interval.
2. Timeframe context · 12 min
Changing timeframe aggregates different intervals. A move that appears large on a minute chart can be small on a daily chart. Always identify the interval before interpreting a pattern.
3. Interpreting wicks · 12 min
A wick shows prices visited during the interval, not why they occurred. A single formation cannot guarantee the next move. Record observations without treating them as a prediction.