Candlesticks are a charting method or type of chart used to depict the price movement of an asset over a period of time. Candlestick charts can be converted to minutes, hours, daily, or even weekly.
Each candlestick consists of a body and a wick (shadow), which shows the opening, closing, highest, and lowest prices during that period. A green candlestick body indicates the closing price is higher than the opening price (bullish), while a red body indicates the closing price is lower than the opening price (bearish). Candlestick analysis helps traders to understand market trends and make better trading decisions.