Education only. This webinar teaches chart analysis. It does not provide trading signals, investment advice, or broker services.

How to read a candlestick in 3 minutes

Each candle summarises one period of trading, for example one hour on the H1 chart.

The body

The thick part shows where price opened and closed. A green (or white) body closed above its open; a red (or black) body closed below.

The wicks

The thin lines show the highest and lowest price traded during the period. A long wick means price went there and was rejected.

What to look for

Long bodies show conviction. Long wicks at a support or resistance level show rejection. Small bodies after a strong move show hesitation. Most named patterns are just combinations of these three ideas.

Practical takeaway: a candle only means something in context. A rejection wick at a level you marked in advance is information; the same wick in the middle of nowhere is noise.

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Risk disclosure. Trading gold, forex and other leveraged products involves a high level of risk and is not suitable for everyone. You could lose some or all of your capital. Content in this webinar is general education only and is not investment, financial, legal or tax advice, and is not a recommendation to buy or sell any instrument. Examples shown are for illustration and are not indicative of future results. No profit or outcome is promised. You are solely responsible for your own trading decisions. Only trade with money you can afford to lose.
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