Definition
A way of drawing price for one stretch of time (a minute, an hour, a day) that shows four numbers at once: where it opened, its high, its low and where it closed.
The story
Each candle has a thick body and thin lines called wicks. The body runs from the open to the close, and the wicks reach out to the high and the low. On most charts a green candle closed higher than it opened and a red one closed lower. A long lower wick on a daily NQ (E-mini Nasdaq-100 futures) candle tells you that at some point that day, prices fell well below where they ended up.
Why you'll see it
It's the default chart on most trading platforms, so it's what most traders are looking at.
Connects to
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms