Candlestick Chart

A type of price chart widely used by technical analysts. Candlesticks capture the same price information as a bar chart, the open, high, low and close. A box, the body of the candle, joins the open and closing values. Thin lines on the top and bottom of the body, known as shadows, show the day's high and low prices. If the opening value is higher than the close value, the body of the candle is solid or coloured. If the close is higher than the open then the body of the candle is clear, white or unshaded.

See also: Technical Analysis, Chart Pattern, Point and Figure Chart