A candlestick chart is a tool used in financial analysis to show the highest, lowest, opening, and closing prices of a stock or other security for a specific time period. Each “candlestick” on the chart shows one time period, like a day or an hour, and visually represents how the price moved during that time. candlesticks are formed using the open, high, low and close of the chosen time frame. Components of a Candlestick Body: The thick part of the candlestick, which represents the range between the opening and closing prices. You can find different colors used to differentiate between bullish and bearish candlesticks. Wicks(Shadows): The thin lines above and…