CANDLESTICK (CHART)

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This is the most popular type of chart among retail traders. Much like the bar chart, candlesticks or candles display opening and closing prices plus the highs and lows of each period. Traders mostly prefer candles to the bar chart because they’re coded by colour, usually black for up periods and yellow for down (this depends on the colour scheme used). See also ‘bar chart’, ‘line chart’ and technical analysis.

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