Community Forex Questions
What’s behind the candlestick chart?
Candlesticks have four prices over the course of a day: the opening price, the closing price, the highest price, and the lowest price. We will see price movement within each candlestick if we use a one-minute time period, an hour, and a day if we use a daily time frame. "The body" of the candle represents the distance between the opening and closing prices, while the "tail" represents the price's lows and highs. Whenever the open price exceeds the closing price, the candlestick is black. If the open price is lower than the close price, the candlestick is white. Candles are the market’s psychology, and they most accurately reflect the worries and hopes of investors.

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