đ *Chart Analysis 101: Understanding Candlesticks* đ
Hey traders! đ Welcome to our bite-sized learning class on chart analysis and trading!
What is a Chart? đ€
A chart shows price movements over time, with:
- Price on the y-axis đ
- Time on the x-axis đ°ïž
Candlestick Charts đŻïž
The most efficient and common chart type is the candlestick chart.
What is a Candle? đ€
A candle is a structure formed from price movement over a specific time, adjustable according to trade type.
Types of Candles đŻïž
There are two main types of candles:
1. *Red Candle* đŽ
- Indicates closing price is below opening price
- Example: 5-minute candle, opening price at 10:15, closing price at 10:20; if red, closing price is lower than opening price
2. *Green Candle* đą
- Indicates closing price is higher than opening price
- Vice versa of red candle
Stay Tuned! đș
Learn more about candles, shadows, and price movement analysis in our next post!
Follow us for more trading tips and chart analysis! đ #learntotrade #ChartAnalysis #CandlestickSecrets