What Does Candlestick Mean?
Candlesticks are graphical representations of price movement for a given period of time. They are commonly formed by the opening, high, low, and closing prices of stock. If the opening price is above the closing price then a filled (normally red or black) candlestick is drawn. If the closing price is above the opening price, then normally a green or a hollow candlestick (white with black border) is shown. The filled or hollow portion of the candle is known as body or real body, and can be long, normal, or short depending on its proportion to the line above or below it. The lines above and below, known as shadows, tails, or wicks represent the high and low price ranges within the specified time period. However, not all candlesticks have shadows.