CANDLESTICKS TECHNICAL ANALYSIS

Put simply, candlesticks are a way of communicating information about how price is moving.
Candlestick charts are available on ThinkForex trading platforms for all assets individuals can trade
on the platforms. Below is a sample of a candlestick chart derived from the ThinkForex web trading
platform:

This chart shows price on the right (vertical) axis, and time on the bottom (horizontal) axis.
Moreover, the chart is made of bars that have little lines stemming from the top and the bottom; these
are known as candles. The candle conveys four pieces of information:

1. The open price 3. The high price
2. The close price 4. The low price