Learn everything you need to know about reading Candlestick charts and what they tell you about the buying and selling occurring in the market. Green candlesticks are bullish, red candlesticks are bearish, and a small Candlestick Body represents indecision. Candlesticks can help you identify an uptrend or a downtrend and trend changes.

write 2100 words and add headings article based on this youtube script use 20 words in a sentence in maximum 25% of sentencesIn this video we’re going to show you everything you need to know about reading Candlestick charts fast here’s exactly what we’ll be covering in this video as always if you want more videos more often please hit the like button as it allows for our team to keep producing Videos on YouTube now here’s how you actually read a candlestick green candlesticks are bullish because price appreciated and went upwards for the time period red candlesticks are bearish because price depreciated and went downwards for the time period this rectangle area is known as the Candlestick body or the real body These lines that stick out above and below the Candlestick body are known as the Wicks or Shadows or tails for green candlesticks the opening price is at the bottom of the Candlestick body and then the close price is at the top of the Candlestick body for red candlesticks the opening price Is at the top of the Candlestick body and the closing price is at the bottom of the Candlestick body the wick ends at the top represent the highest price point of the time period the wick ends at the bottom represent the lowest price point for the time period Now what does the size of the Candlestick body tell you the bigger the Candlestick body represents momentum gain as price traveled a greater distance during that time period the smaller the Candlestick body represents momentum loss as price traveled a shorter distance during that time period when you have a very small Candlestick Body or close to no body this is known as a doji which represents indecision from buyers and sellers because price swung up and swung down during that time but then closed close to the same price as where it opened from which means buyers and sellers got nowhere and again shows indecision Now before we show this on the charts why are candlesticks important to understand candlesticks tell a story and are a reflection of what buyers and sellers are doing meaning the Candlestick pattern that forms at that particular Moment In Time tells you a lot about what is going on in terms of the buying And selling occurring in the market so Traders will look at Candlestick patterns and the movement of candlesticks to make trading decisions which is also known as price action now let’s go through this right on the charts this here is the asset you are looking at and in this case it is the Apple Stock this here is your time frame right now it shows 1D which translates to the Daily time frame meaning every Candlestick you see represents one day of time if we were to switch this to the weekly time frame it would show one W and then every Candlestick you see on Screen would represent one week of time if we were to switch this to the one hour time frame it would show one H and then every Candlestick on screen would represent one hour of time this bar below tells you the date and time so if You take your mouse and place it on top of this candle here you’ll see the dotted lines connecting the candle to the scale below which shows the date as January 3rd if you move your mouse one candle to the right you’ll see one day later which is January 4th Again because you are on the daily time frame every Candlestick represents one day of time now this bar to the right tells you the price of the asset let’s say you want to know the price of this green candle here remember green candlesticks open below at the bottom of The rectangle here and close above at the top of the rectangle here so if you want to know the opening Price Place your mouse at the bottom of the rectangle and notice how the dotted lines connect the candle to the scale on the right and it shows 126 dollars and Five cents which means when the market opened on January 6 the Apple stock was trading at 126 dollars and five cents now if you want to know the closing price place your mouse at the top of the rectangle look to the scale on the right and notice how it says 129.61 which means when the market closed on January 6 the Apple stock finished trading at 129.61 this is why green candles are bullish because price opened at 126 dollars and five cents and closed at 129.61 meaning the Apple stock appreciated 3.56 on the trading day of January 6 Which is bullish price action because buying interest in the stock drove price upwards now the wick below is the lowest price that the Apple stock reached that day place your mouse at the bottom of the wick and it shows 124.90 as the day’s lowest price now the wick above is the highest price That the Apple stock reached that day place your mouse to the top of the wick and it shows 130 dollars and 30 cents as the day’s highest price so let’s say you want to know the price of this red candle here remember red candlesticks open above at the top of The rectangle here and close below at the bottom of the rectangle here for the opening price of January 3rd place your mouse at the top of the rectangle and it shows 130 dollars and twenty four cents for the closing price of January 3rd place your mouse at the bottom of the Rectangle and it shows 125 dollars and 13 cents this is why red candlesticks are bearish because price open at 130 dollars and 24 cents and closed at 125.13 meaning the Apple stock depreciated by five dollars and eleven cents on January 3rd which is bearish price action The wick below is the lowest price that the Apple stock reached that day place your mouse at the bottom of the wick and it shows 124.21 as the day’s lowest price the wick above is the highest price that the Apple stock reached that day place your mouse at the top of the wick And it shows 130.93 as the day’s highest price so if you want to use the exact same charting platform we are using right now go to tools.wisetrade.com now when you see more red candles than green candles this represents a downtrend and bearish price action and a depreciation of the asset as Sellers and Bears continue to sell more of the asset causing the push downwards when you see more green candles than red candles this represents an uptrend and bullish price action and an appreciation of the asset as buyers and Bulls continue to buy more of the asset causing the push upwards When you see a bunch of green candles together one after the other this Show’s price is gaining more upwards momentum when you see a bunch of red candles together one after the other this Show’s prices gaining more downwards momentum when you see a mix of both red and green Candles together and sideways price movement this shows indecision consolidation in a choppy Market so before we continue we want to hear from you tell us in the comments below right now what topics we should cover next as we always look at the comments to decide on next video topics Also please hit the like button as it allows for our team to continue to produce free YouTube videos so how do you identify an uptrend you have your runs here and your pullbacks here which means an uptrend makes higher highs and higher lows from a price action standpoint a moving Uptrend shows bullish momentum and that the buyers are in control so you lean towards taking long entries to trade with the moving upwards herd momentum so now how do you identify a trend change from an uptrend to a downtrend type 1. you have your moving uptrend through the higher highs and higher lows Before a lower low forms signaling a trend change from an uptrend to a downtrend type 2 you have your moving uptrend to the…

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