Candlestick shape not reflect chain of events between open price and close price , it's not like line chart which explain the volatility of price movements , but the candlestick shows the relation between open price and close price during a period of time , but regarding the highest price and lowest price for a candlestick , it's shown in ashape of candlestick shadows
: Candlestick Function
Each candlestick reflect a period of time of trade , and tell us the battle that happen between the buyers and sellers during that moment or what we know as chart frame period
Candlestick bottom represents the lowest level for price sellers could reach it
Candlestick top represents the highest level for price buyers could reach it
.Each candlestick expects the next movements for price
: Note
If price closed near the highest level of prices that's mean the buyers won by showing green candlestick
If price closed near the lowest level of prices that's mean the sellers won by showing red candlestick
: Candlestick Story
As soon as the candlestick closed in a period of time , new candlestick begins to appear , We have already said the candlestick reflect a period of time, maybe candlestick for 1 minute or 5 minutes or 15 minutes or 60 minutes or 2 hours or 4 hours or 1 day or 1 week or 1 month candlestick ,and the choice is yours as analyst on currency pair chart that you trade
It's mean you see the last candlestick on your right hand of the chart because it's reflect the period of time that you trade in it ,and the candlestick be animated but the past candlestick be fixed because it closed and showed the data like open price , close price , the highest price and lowest price , and this candlestick is fixed and we know it shape and it name we expect what will happen for the animated candlestick now and the next candlestick too ..and will it be red or green
If we open candlesticks chart for one minute period , that's mean each candlestick reflect about trade happened for one minute , and closed at the end of minute and new candlestick opened with each passing minute
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