Technical Analysis: Candlesticks

Candlesticks are a popular way to visualise price movements on a chart and are commonly used in technical analysis. 

Each candlestick consists of a body and wicks, which can provide valuable information about the price action during a specific period. 

There are several types of candlesticks, including bullish and bearish candlesticks, as well as doji candlesticks.

Candlestick formations can be used to make predictions about future price movements and also provide valuable information about the supply and demand dynamics of a market.  The candle’s wicks are also very important as they can provide additional information about the price action during the period being charted. 

Traders use candlestick formations, along with other technical indicators and fundamental analysis, to make trading decisions. 

In this course we want to give you an understanding of the different parts and types of candlesticks, as well as how to interpret their formations and gain a deeper understanding of market conditions and make more informed trading decisions.