Who it's for — Anyone opening a chart for the first time. Each candle summarizes buyer/seller action over an interval (see timeframe).
Each candle condenses four period prices:
- Open
- High
- Low
- Close
Color (green/red) shows Close > Open (bullish) or the reverse.
In simple terms — Body = directional consensus (open→close). Wicks = extensions rejected beyond the body (high/low).
Anatomy
| Part | Meaning |
|---|---|
| Body | Open–close distance; large body = directional conviction |
| Upper wick | Extension above body — buying pressure rejected |
| Lower wick | Extension below body — selling pressure rejected |
| Doji | Minimal body — indecision |
Same shape means different things by context, level, and timeframe.
Structural reading (not isolated patterns)
- Rejection: long wicks near S/R
- Momentum: large bodies, few wicks (e.g. marubozu)
- Exhaustion: progressively smaller bodies after long trend
Common mistake — «Green candle → buy» without structure, trend, and volume. Context beats the single bar.
Summary
- Universal standard of technical analysis and price action.
- High/Low linked to high and low.
- Volume: Trading volume for confirmation.
Bronze path — Module: How price moves. Index: Bronze path.