Candlestick charts are plot types used by traders to analyze the possible price changes in trading. Or, let's put it this way, that the CandleStick chart is perhaps a trader's best friend, for the reason that it provides a visual representation of the magnitude of price fluctuations. Without a shadow of a doubt, Candlestick plots never fail to depict the investor sentiment. The relationship between the supply and demand in the trade market comes out really well via the CandleStick pattern.

A Candlestick chart includes a rectangle with a dividing long line projecting from the top and bottom (of the same rectangle), which displays the high and low values. This chart type is also useful to show the opening and closing price points in trading scenarios. So, when the open value is greater than the close value, the rectangle appears filled with the color of the background.

Candlestick Chart