Glossary

Candlestick

A chart unit showing the open, close, high and low price over a given period. Body and wick proportions sum up the fight between buyers and sellers.

A long lower wick shows buyers pushing back from the low (pin bar), a full body shows one-sided control, a small body shows indecision (doji). Single-candle patterns shouldn't be read without context; a candle forming at a key level is what counts.

A candle's timeframe changes everything: a 5-minute pin bar isn't even visible on the daily chart.

Related terms

Where it appears in the guides

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