Technical Analysis Basics: Charts and Indicators

Candlestick charts are the most commonly used price chart type. Each candlestick contains four price points: open, close, high, and low.\n\nBullish candle: Close price higher than open, usually shown in green or white\nBearish candle: Close price lower than open, usually shown in red or black\n\nCommon candlestick patterns include: hammer, inverted hammer, doji, engulfing patterns, etc.