Dear Deriv Community,
A technical tool that packs data for multiple time frames into single price bars is known as a candlestick chart. Showing data like this is more helpful than traditional bars or simple lines that connect the dots of closing prices.
Each candle captures a full day’s worth of news, data, and price action. Hence, candlesticks are best used on a daily basis.
A green candle means the buyers have won the day, while a red candle means the sellers have dominated. Candlesticks are based on current and past price movements. They are not future indicators.
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