Candlestick

Candlestick

For the purpose of trading, the candlestick is an important tool to take into account.

The experienced trader will know the value of the candlestick, but for beginners it may be difficult to understand at first.
However, it is actually very easy to understand and use, so let's begin step by step.

At Sonic Option, we have a yellow candlestick and a blue candlestick.

They represent the following meaning.

The small lines that stick out on the top and at the bottom of the candlestick are called wicks.

The part coming out from the top is called the upper wick, and the part coming out from the bottom is called the lower wick.

And next, let's understand the length of the wicks.

We believe that you have the general idea about the wicks.

So now, based on the wicks, let's see how we can use this information to make your trades.

If the upper wick (or lower wick) becomes long over time, it means that there is a high chance that the direction could change suddenly, yielding high profits!