Candlestick Chart Basics
Learning Objective
I can identify the basic components of a candlestick chart, including the body, wicks, and their relationship to opening and closing prices.
Practice Questions
This lesson includes 7 practice questions to reinforce learning.
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1. Describe the difference between a bullish and a bearish candlestick. What does the color of the candlestick indicate?
2. Explain what the "body" of a candlestick represents. How does the location of the opening and closing prices determine whether the body is bullish or bearish?
3. What information do the "wicks" (or shadows) of a candlestick provide? Explain how the upper and lower wicks relate to the highest and lowest prices reached during the candle's time period.
...and 4 more questions
Educational Video
Understanding Candlestick Charts (Tutorial For Beginners) [Trading Basics Series]
Disciplined Trader