Explain: Candle Pattern

What is a Candlestick Pattern?

A candlestick pattern represents the price movement of an asset (like a stock) during a specific time frame. It shows open, high, low, and close prices in one candle.

Structure of a Candle

Each candle has:

Body: The range between open and close price.

Wick (or shadow): The lines above and below the body showing high and low prices.

Color: Green (bullish – price up) or Red (bearish – price down).