Trends and Patterns: Traders look for specific candlestick patterns (e.g., doji, hammer, engulfing patterns) and trends (uptrend, downtrend, sideways) to make trading decisions. Patterns can indicate potential reversals or continuations in price movements.

Candlestick Structure:  Each candlestick represents a specific time period (e.g., minute, hour, day) and includes four key price points:

• Open: The price at the beginning of the time period.
• Close: The price at the end of the time period.
• High: The highest price reached during the time period.
• Low: The lowest price reached during the time period.

Body and Wick (Shadow) Wick (Shadow): The thin lines extending above and below the body represent the high and low prices during the time period. The upper wick shows the high, and the lower wick shows the low.

Time Frame Candlestick charts can be created for various time frames, allowing traders to analyze price movements over different periods (e.g., 1-minute, 5-minute, daily, weekly).

Visual Representation  Candlestick charts provide a clear visual representation of price action, making it easier for traders to interpret market sentiment at a glance. The colors and shapes of the candles can quickly convey information about price movements.