Candlestick patterns are one of the most widely used and widely available methods of non-indicator market analysis. Candlestick patterns are equally effective on charts of various instruments and on charts of different periods. Candlesticks are constructed based on four market components: the opening-closing price and two local extremes reached by the price during their formation. The candle's body and its shadow are formed by these four factors. Candlesticks with white bodies indicate that the closing price was higher than the opening price during the period. The black body filled with candlesticks indicates that the price of the analyzed instrument fell below its opening price for the selected period.

Candle analysis, or candlestick analysis, is a method used in technical analysis to evaluate price movements in financial markets, such as stocks, forex, and commodities. Originating in Japan, candlestick charts display price data using "candles," which represent open, high, low, and close prices for a specific period. Each candle consists of a body and wicks (shadows). The body shows the range between the opening and closing prices, while the wicks indicate the highest and lowest prices during that period. Traders analyze patterns formed by these candles to predict future price movements. Common patterns include Doji, Hammer, Engulfing, and Shooting Star, each signaling potential market reversals or continuations. Candle analysis helps traders make informed decisions by identifying trends and market sentiment.