While candlesticks may appear to be completely analytical in nature, they actually convey a complex story that is constantly evolving through contributions of market participants. The top of of the upper wick is the high price, and the bottom of the lower wick is the low price. The point where the lower wick meets the body is the closing price, while the point where the upper wick meets the body is the opening price. People are selling and the price has dropped. The top of of the upper wick is the high price, and the bottom of the lower wick is the low price.Ī bearish candlestick is red. The point where the lower wick meets the body is the opening price, while the point where the upper wick meets the body is the closing price. It's bullish because there's strong positive price movement. What is a bullish candlestick?īy default, a bullish candlestick is green on Liquid. In the chart above, the timeframe is set to 1 hour, which means each candlestick displays one hour of price action. If you superimpose a candlestick on an XY-axis, the X-axis represents time while the Y-axis represents price.Ī candlestick’s unit of time is equivalent to the timeframe that you set on Liquid’s trading interface. Within these three sections, there are four price points to pay attention to:
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