How to read candle stick chart?

<p id="isPasted">A candlestick chart is a type of financial chart that uses candlesticks to represent price movements. Candlesticks are made up of four parts:</p><ul style="margin-bottom:0cm;" type="disc"><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">Body:&nbsp;The body of the candlestick represents the range between the open and closed prices.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">Upper wick:&nbsp;The upper wick represents the highest price reached during the period.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">Lower wick:&nbsp;The lower wick represents the lowest price reached during the period.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">Shadow:&nbsp;The shadow is the term used to describe the upper and lower wicks together.</li></ul><p>The color of the candlestick body indicates the direction of the price movement. A green candlestick body indicates that the close price was higher than the open price (bullish). A red candlestick body indicates that the close price was lower than the open price (bearish).</p><p>The size of the candlestick body indicates the magnitude of the price movement. A large candlestick body indicates a large price movement, while a small candlestick body indicates a small price movement.</p><p>The length of the candlestick shadows indicates the volatility of the market. Long candlestick shadows indicate that the market was volatile during the period, while short candlestick shadows indicate that the market was less volatile.</p><p>To read a candlestick chart, you need to look at the following factors:</p><ul style="margin-bottom:0cm;" type="disc"><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">The color of the candlestick bodies:&nbsp;Green candlesticks indicate bullish price movements,&nbsp;while red candlesticks indicate bearish price movements.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">The size of the candlestick bodies:&nbsp;Large candlestick bodies indicate large price movements,&nbsp;while small candlestick bodies indicate small price movements.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">The length of the candlestick shadows:&nbsp;Long candlestick shadows indicate volatility,&nbsp;while short candlestick shadows indicate less volatility.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">The patterns of the candlestick bodies:&nbsp;There are many different candlestick patterns that can be used to identify trends and reversals.</li></ul><p>Here are some examples of candlestick patterns:</p><ul style="margin-bottom:0cm;" type="disc"><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">Bullish hammer:&nbsp;A bullish hammer is a candlestick pattern with a small body and a long lower wick.&nbsp;It is a bullish reversal pattern that indicates that the bulls are taking control of the market.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">Bearish inverted hammer:&nbsp;A bearish inverted hammer is a candlestick pattern with a small body and a long upper wick.&nbsp;It is a bearish reversal pattern that indicates that the bears are taking control of the market.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">Engulfing pattern:&nbsp;An engulfing pattern is a candlestick pattern in which the current candlestick completely engulfs the previous candlestick.&nbsp;It is a strong reversal pattern that indicates that the market is about to change direction.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">Piercing line pattern:&nbsp;A piercing line pattern is a candlestick pattern in which the current candlestick opens below the previous candlestick's low and closes above the previous candlestick's close.&nbsp;It is a bullish reversal pattern that indicates that the bulls are taking control of the market.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">Harami pattern:&nbsp;A harami pattern is a candlestick pattern in which the current candlestick's body is completely contained within the previous candlestick's body.&nbsp;It is a reversal pattern that indicates that the market is about to change direction.</li></ul><p>Candlestick charts can be a valuable tool for technical analysis. By learning how to read candlestick charts, you can identify trends, reversals, and support and resistance levels. This information can help you to make informed trading decisions.</p><p>Please note that this is just a basic overview of how to read candlestick charts. There are many other factors that you can consider, and there are many different candlestick patterns that you can learn. The best way to learn how to read candlestick charts is to practice and use them in conjunction with other forms of technical analysis.</p>