August 30th, 2021 | Updated on March 5th, 2022
Candlesticks are used for charting price action by displaying the high, low, open and close prices for the time period specified.
Depending if the candlestick closes higher or lower from the opening price, it will have a different color, usually either red or green where red marks a down candle and a green marks a candle that closed higher.
They can be displayed in different time frames, from a monthly and daily chart all the way down to less than a minute of data.
