Candlestick Charts: Explained in 60 Seconds!
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- เผยแพร่เมื่อ 23 ก.พ. 2021
- In this video we show you how to understand Candlesticks in under 1 minute. It comes from our official page on TikTok. Candlesticks are one of the most popular chart styles in the world. Watch this video to get started. They are not easy to understand. The key is this: Open, High, Low, and Close.
Thanks to Austin Hankwitz for helping us create this video! You can also follow him for more.
Please leave any questions or comments below.
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Great explanation without all the unnecessary talking. Thank you for this short video ❤
You’re welcome 😊
Note: for Green Candles( bullish) the opening price is at the bottom of the candle and the closing price is at the top of the candle. For Red Candles (bearish) the opening price is at the top and the closing price is at the bottom. Also remember to take into account if you are looking it at an hourly, weekly, monthly, or a yearly candle.
By the way, we just recorded this video about our Automatic Candlestick Detection tool. Check it out: th-cam.com/video/qEOdreFQgQI/w-d-xo.html
thanks valuable info
Thanks but wich is best to always look at it from…hourly? Weekly? Monthly or yearly ?
@@princeot864Daily and hourly , lowest u should go is minimum of 30 mins, best is daily
Thank you!!!!!
This is the best explanation for beginners so far really appreciate it ❤
Bro I needed this so bad because I didn’t know what price meant. I know you laughing at me but I really want to understand this!!
You’ll get it! Keep learning if your ultimate plan is to become a successful day-trader.
You're not alone me too 😢
Glad it helped! Want more? We just made a video about our new Automatic Candlestick Detector here: th-cam.com/video/qEOdreFQgQI/w-d-xo.html
@@TradingViewpls include me
Me too,,, I really don't understand what I'm looking at
Mann thank you so much for. I’m a noob and I’m desperately trying to learn to trade on forex and the basics. You help me out a lot. Thanks a milly 🙏🏾🙏🏾🙏🏾
FINALLY! Someone that just simply explains it instead of making a 20 minute video claiming to explain it then talking about everything but what I searched to learn which is this.
Amazing! So simple!
Glad you liked it!
Thank you! It gets better, too. Our team recently released a tool for Automatic Candlestick Detection. Watch this: th-cam.com/video/qEOdreFQgQI/w-d-xo.html
This is the most clear and come to the point explaination I've seen.👍🏽
Thank you so much for sharing this valuable information❤❤
Glad it was helpful!
Wow wow!!!! Finally candlesticks are understandable! And just from watching shorts❤
Exactly…. Full length videos and blog articles couldn’t explain better lmao
THANK YOU!!!! ♡ straight to the point and no time wasted
So many new traders would appreciate this a ton.
You the 🐐 for this💪🏾
Thanks :)
Why doesn’t this have tons of views wtf
Yes I'm actually shocked .
Man I just understood the candle thanks a lot
Simple and easy to understand. Love it!
Such an amazing explanation, God bless❤
Thank You very much!100 times better exlained than any other source i found!
Excellent! Quick and clear explanation. Thank you!
Glad it was helpful!
Thank you so much for sharing this
Great video. thanks man
Thank you 🤲🤲🤲🤲🤲🤍🤍🤍🤍🤍
Top man , now it makes sence
Legend of 60 sec ❤
Best explanation I've seen so far
SO clear So simple, Thank you so much!
Good video man!!
Straight to the point! Thank you!
The best explanation out there
I give this a million stars ⭐️
This is great really simple and understanding
Nice short very simple
Woww was this so simple!! Thanks bro for the video
Glad it helped!
Great video
Of all the teachers your the best thanks
Vary well, explanations
thank you
Pls🙏🙏🙏🙏 i need more of this videos
APPRECIATE this simple explanation, thank you very much !
Glad it was helpful!
Thanks alot I have been looking for such an explanation wow
Omggg!! Thank you for this simple explanation
aaannd you just earned a subscriber sir! 👍🏽
clear concise well made no bullshit. thank you
Too good
Good one
You say throughout the day, could it change from being in a day if you’re working with a lower time frame? Thx loved it
Excellent informative video!
This is helpful, thank you and keep it up
If I knew how to make videos like this next video I would do is explaining why some have long bodies and some are shorter. And why some wicks are long vs short
Thnx buddy
Great explanation ngl 💯
Appreciate it
Very good Thankyou 🤝🏻🏴
Thank you 👍😊
Technically it’s the open / close during the time interval you specify.
Very useful
Glad you think so!
So so simple❤
great explanation except not mentioning about the time frame might confuse people.
Hey there, I have a question. What dose "throughout the day" means? Or is it at that time when that candles was formed?
@@not_j. you can interpret it as 'during specific timeframe of your choice'
@@nimabahar8854 If I'm watching a 1 minute time frame chart, is it means the high price and the low price within 1 minute in that one specific candle? I mean Opening, closing, High, low of that specific candle only?
@@not_j. yes.
We can clarify that in future videos! We've now made over 250+ videos with more on the way. Stay tuned.
Thank you so much Omg so simple
You are the *man*
WOW..... THANKS 👍
Thanks
Welcome
Thanks bro 🙏
Wow😊
Amazing
All those long asssss lectures I’ve watched only to finally understand from a Short! 🙄😆
Wow all this in a short
The open price on a candle is not the open of the stock market in the morning. It is the open for that candle. The singular interval of time.. Whatever you have your chart set to whether it be 1 min 5 min etc.....
I'm captivated by the insightful wisdom of this piece. A book with similar subjects inspired new explorations. "The Art of Meaningful Relationships in the 21st Century" by Leo Flint
This is correct but it doesn’t have to be a day a candle can be any period of time depending on the time frame your looking at. Not a big deal but can confuse some new people
Important point.
I think lots of crypto people here and he seems to be speaking forex terms lol
❤
Close and open can be interchangeable
On what basis was the last value of the candle calculated? after O H L C I see a percentage +0.34% On what basis was it calculated?
How do i apply this in my trade to make profits?
Should i be doing this on the Daily timeframe ?
One thing that is never explained is what "price of the asset is trading at" means. Is this closed trades, does that price take the ask price into consideration? This information would be helpful for those watching 1 minute candles and trying to trade on swings.
New traders don’t get greedy just take profit and scale back in. Crawl your way up
Ok. I need a class. Some things seem like basic knowledge to me but SOME stuff is like wtf lol
He got the close part kind wronf it’s the price of the stock when that candle time frame is over not the whole market being closed
I have a question, why is the open and close price different on both green and red charts, they like switched
So if it’s red what move to make after you have arrived to your conclusion
That makes perfect sense for a daily chart, but the minute chart wouldn't have an open & close price every minute so why still use candlesticks?
Old comment, but for those who wonder after...same thing, just shorter time frame.
So the close price becomes the open price the next day?🤔
What does it mean for 5 minute (or similar) duration?
🎉
but the highest price didn't necessarily follow the opening price sequentially in a green cancle
It mostly opens at top left g
please I need a full tutorial on this sir🙏🙏🙏🙏
Bro this is one candle your saying.. stock chart has series of candles right.. how Read in that scenarios.. because that's where we will decide right whether to buy or not
So each candle represents one trading day.
throughout the day or at that time when that candles was formed?
Same question
Have you found the answer?
More of how to read a candlestick. Good vid though
👍🏽👍🏽👍🏽🤝🏾
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If it for a 5 mins one is the close same thing?
Such as the same principle right ??
Help please don’t make fun of me I trying 😅
It's all about open price and close proce if the open price is higher than close price mean red😢
If the open price less than clos price mean green😂
No sutch thing as too red or too green so no need to focus at highest or lowest price😊
What does the width of the candle represent?
That's where the price ranged in , for the duration of that candle
But why are so many stacked side by side?
I love uuuu so much, I kiss u, u make more easy 😮😮😮😮😮😮
So green means good for us ye?
That’s if we bought the stock?
Can you please write this whole thing so that i can understan better please
life isnt gonna always do handouts, you need to impovise, it aint even hard to just listen to what he said and write down, if you cant even do that then what u expect from trading
he means the pivot numbers, the dollar numbers there are actually pivot numbers
Good knowlage
But language problem plz translate hindi & Punjabi