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Candlesticks

CandlesticksLesson 12 of 144 min read

One weekly candle

A worked read on the weekly chart. A huge lower wick, a tiny upper one, and what followed.

Everything so far, applied to one candle on the weekly chart. One candle here covers a full week of price movement.

What the week did

The week opened. Price drove down, a long way down, and stayed down for most of the week.

Then it rallied back and closed near the high of the week.

Figure 1 · Three falling weekly candles, then one week with a huge lower wick closing near its high, then two weeks closing above the highs above

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