What in the World is a Candlestick Chart?
Author: William Kurtz First, we need to understand what a Candlestick chart is, in this context. We assume, first of all, that we are talking about financial matters, not matters related to the culinary arts. In the financial world, we are very familiar with the bar chart, which displays prices for a given time period, say a day or a week, in linear form wherein the range of prices is shown as a line which shows the top extreme of prices and the low extreme of prices during that time period, plus a blip on the left side of the line which denotes the opening price and another blip on the right side which denotes the closing price. How dull. Something happened; the record has been made; saints be praised. We find it by examining Candlesticks Charts, which “fatten out” that part of the old bar chart price display which lies between the opening price and the closing price. If the close that day was higher than the open, then the fattened-out part is left blank inside, or white. If the clos
