Why do traders use candlesticks?

Traders use the candlesticks to make trading decisions based on regularly occurring patterns that help forecast the short-term direction of the price. Traders use candlestick charts to determine possible price movement based on past patterns.

What is a daily Candlestick?

Just like a bar chart, a daily candlestick shows the market's open, high, low, and close prices for the day. The candlestick has a wide part called the "real body." This real body represents the price range between the open and close of that day's trading.

Why is the current Candlestick moving?

The current candlestick can be moving because the current price is used instead of the close price, meaning the candlestick’s colour could shift from green to red or vice versa before the trading period is over. Sometimes, you may find that the candlesticks on a graph are filled and not filled, rather than being green and red.

What does the body of a candlestick mean?

The body of a candlestick is used to show the difference between an asset’s open and close price (or the current price for the candlestick on the far right). If the candlestick is green, then the bottom of the body represents the opening price and the top represents the closing price.