
The body of a candle represents the distance between open to close, and the upper and lower wicks represent the highs and lows of a candle. These are the most popular type of chart patterns and are very versatile.

What are Candlesticks?Ĭandlesticks charts originated in Japan and are referred to as Japanese candlestick charts.

In the next section, we will discuss the different types of candlesticks. While line charts help give us an overall movement of the stock, bar charts are more detailed and are suitable for demonstrating or spotting the classical price patterns. There are various types of charts, from line charts, bar charts, and candlestick charts. Technical charts are a two-dimensional representation of price over time. The image is below, and you can right-click to save it as a pdf. Today, we have a special treat for you, a Candlestick Pattern Cheat Sheet.
