How to read a candlestick
Every trading chart is made of candles. Here is how to read one.
The four prices
Each candle shows four prices: the open, the close, the highest price and the lowest price.
Colours
- Green: closed higher than it opened
- Red: closed lower than it opened
- Wicks: prices visited but rejected
Green means price closed higher than it opened. Red means it closed lower. The thin wicks show prices that were visited but rejected.
Real gold candles
Here are real gold candles. Big bodies mean strong pressure. Long wicks mean rejection.
Quick quiz: A red candle means...
- A: Close above open
- B: Close below open
Answer under the YouTube lesson - we read every comment.
GOFX AI scans gold around the clock and sends setups with entry, stop loss and take profit to your phone - every win and loss published.
Trading involves risk. Lessons are for education, not financial advice.