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Japanese Candlestick Anatomy Explained

The document describes the anatomy of a Japanese candlestick chart. It explains that candlesticks define price movement over a specific time frame, with wicks showing the high and low prices reached and the body showing where the price opened and closed. It provides examples of a bull candle, which closes higher than its open and has a green body, and a bear candle, which closes lower than its open and has a red body.

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3K views3 pages

Japanese Candlestick Anatomy Explained

The document describes the anatomy of a Japanese candlestick chart. It explains that candlesticks define price movement over a specific time frame, with wicks showing the high and low prices reached and the body showing where the price opened and closed. It provides examples of a bull candle, which closes higher than its open and has a green body, and a bear candle, which closes lower than its open and has a red body.

Uploaded by

kefafx
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Japanese Candle Stick Anatomy

HI

BODY
WICKS Range

LOW

Candle Stick

- Defines price movement over x time frame (minute - days)


- Wicks where price moved over the course of the time frame
- Body defines where price opened / closed during the time frame.
BULL CANDLE

HI = 100

CLOSE = 75

RANGE = 50 points
Body

OPEN = 55

LOW = 50

Bull Candle

- Closes higher than the open


- Body is green
Bear Candle

HI = 100.00

OPEN = 95

RANGE = 30

CLOSE = 75

LOW = 70.00

Bear Candle

- Closes lower than open


- Red Body

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