Definition

A candlestick chart depicts each specific period’s opening, closing, rising, and falling price points. A candlestick chart can form a pattern interpreted as a buy or sell indicator if the ‘candlesticks’ appear in a particular form.

Often if the candlestick pattern is being used as an indicator, it will be considered in conjunction with other indicators.

Examples of Usage

• “Ripple produces a rare bullish candlestick pattern, which could lead to a $1 price”. 

• “Prices gapped lower Friday, as shown in this daily candlestick chart of BTC. Since early September, the slope of the 200-day moving average line has been negative and continues to point lower.” 

Resources

You can find more information about candlesticks in this article.

https://docs.google.com/document/d/116qlY1xOAjRd9fGlp6-V0rno5UFOpYrdFVXg0E8oLFI/edit#heading=h.vwwrngougt23