From f51899ede7c9f7f4465208e35d6fd84e2e714f30 Mon Sep 17 00:00:00 2001 From: verymeticulous Date: Fri, 30 Apr 2021 08:44:13 -0400 Subject: [PATCH] Create How-to-read-Candles.md --- Beginner-Information/How-to-read-Candles.md | 9 +++++++++ 1 file changed, 9 insertions(+) create mode 100644 Beginner-Information/How-to-read-Candles.md diff --git a/Beginner-Information/How-to-read-Candles.md b/Beginner-Information/How-to-read-Candles.md new file mode 100644 index 0000000..c36cd86 --- /dev/null +++ b/Beginner-Information/How-to-read-Candles.md @@ -0,0 +1,9 @@ +# How to Read Candles + +**Author: [u/possibly6](https://www.reddit.com/user/possibly6/)** + +**[Source](https://www.reddit.com/r/Superstonk/comments/n1g617/predicting_gme_price_action_with_elliot_waves_430/)** + +![](https://preview.redd.it/5n3cc5e5r6w61.png?width=1264&format=png&auto=webp&s=8a0100190f4e392022e93493b6637ba5b21d132b) + +For anyone unfamiliar with how to read candles, green candles mean the stock closed higher than it opened, and red vise versa. The wicks are the highs and lows price hit in the aggregation period (ie. daily is 1 candle/day, 5m is 1 candle per 5m etc), for green candles, the base is the open and the top is the close. Red the top is the open and the bottom is the close.