need help in knowing candlesticks nd how they operate thank you
A candlestick in trading represents 4 pieces of information.
The open price, close price, highest price and lowest price for a given “time” period.
Common used time periods are
1 minute
5 minute
15 minute
30 minute
1 hour
4 hour
1 day
1 week
And 1 month
And depending on your chart setting the colour will be different for an open price lower than the close price or a different colour for open price higher than the close price. Eg. red if price is closed lower and green if price closed higher.
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i hope you went through the basic tutorial system here at babypips, honestly its the best way to have a good introduction in to trading in general, with detailed explanation and easy to absorb.
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check out this lesson from the School of Pipsology:
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Imagine I own a gold shop, and every day, I open and close the shop with different gold prices. Let me explain this in a simple way using what we call a “candle” in trading.
When I open my shop in the morning, the price of gold is $2,500. This starting price is called the open of the candle. By the time I close the shop at the end of the day, the price of gold has risen to $2,600. This final price is called the close of the candle.
Throughout the day, the price of gold fluctuates. At one point, it reaches its highest level of $2,700. This is known as the high of the candle. On the flip side, the lowest price of the day goes down to $2,400. This is the low of the candle.
Now, the body of the candle represents the difference between the open and close prices, so in this case, it’s the area between $2,500 and $2,600. Any prices that fall above or below this body—like the high of $2,700 or the low of $2,400—are represented by the wick (or shadow) of the candle.
So, if this were a daily candle, it visually shows the range of gold prices for that day: the body tells you where the price started and ended, and the wick tells you the highest and lowest points the price reached during the day.
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Important parameter of a candlestick are open, high, low and close values. Their relatives sizes can in certain situations give information about supply and demand imbalance. Studying sequences of candlesticks is important as well.
Of the four prices indicated by a candlestick, the most important is the Close.
The least important is the opening price. Forex is a non-centralised market and as a result the Open often shows varations between different information providers: this can make certain types of candle, such as doji’s, less reliable in forex. It follows that if the High or Low of a candlestick is also the opening price, that price would likewise be suspect.
Actually, I am confused with the question. Is it about candlestick or candlestick pattern ?
Btw, I just want to add that:
To have a good understanding about candlestick formation, we need to understand price action. For example, formation in H1, can be explained by price action on M15 or M5.
In real, engulfing candle is famous to indicate reversal. It’s not always. When engulfing is spotted on H1, it’s an early sign that has to be confirmed at lower TF, such as M15. When we can see there is breakout, the engulfing is a good to go signal.
That’s all 
Candlesticks represent price movements in a specific timeframe, showing the open, high, low, and close (OHLC) prices. A green (or white) candle shows price moved up, while a red (or black) candle shows it moved down. The “wick” shows the highest and lowest points reached.
For a deeper dive, check out the Babypips School of Pipsology, especially their section on candlestick patterns.
Candlesticks show price movement over a set period. The body represents the open and close, while the wicks show the high and low. A bullish candle closes higher, a bearish candle closes lower. Patterns like doji or engulfing signal market trends and potential reversals.
Candlestick charts are used in trading to visualize price movements. Each candlestick represents a specific time period (e.g., 1 minute, 1 hour, 1 day). A candlestick has four key components:
Open: The price at the start of the period.
Close: The price at the end.
High: The highest price during the period.
Low: The lowest price during the period.
The body of the candlestick represents the range between the open and close. A green (or white) candle indicates a price increase, while a red (or black) candle signals a price decrease.
On a minor scale, a candlestick’s high also represents resistance over that time period: its low represents support.
In forex terms, the opening price is irrelevant, it is the same as the closing price, except across the weekend. But even across the weekend, the size or direction of the gap between close and open are not useful in trading tactics.
Worth noting that the close of a daily candle is not the price at midnight. Currently, daily candles close at 2200hrs UK time.
As others have mentioned, I also recommend the BabyPips School of Pipsology.
Candlesticks are used to represent price movements in trading. For a specific time period, each candle stick depicts four things:
- Open - the price at the beginning of the time frame
- Close - the price at the end of the time frame
- High - the highest price during the time frame
- Low - the lowest price during the time frame
If the close price is higher than the open price then the candle is usually green, showing an upward movement. On the other hand, if the close price is lower than the open price then the candle is usually red, showing a downward trend.
I am still learning how to use the candlesticks in strategies as they are super useful for spotting trends and reversals. Also, let me know if you guys have any tips on using them effectively.