Japanese candlesticks focus on the relationship between the opening price and the closing price. The candlestick chart provides traders with a detailed description of the price chart, with an almost 3D illustration. Unlike candlesticks, bar charts focus more on tops and bottoms than anything else. What distinguishes candlesticks from charts is that you can see clearer and more distinct patterns compared to other types of charts. A trader who uses different candlestick patterns must identify the different types of accompanying price action as well, which tend to anticipate reversals or trend continuation. In addition, when we combine it with other technical analysis tools, we should get a more accurate estimate of possible price movements. as we can see from the image above, if the candles close at a higher price than the price they opened at, they will form white (bullish) candles. On the other hand, closing the candles at a price lower than the price at which they were opened will form black (bearish) candles. Boxes that are formed by price action are called "body". The extremes of the daily price movement represented by lines extending from the body are called the "tail" - (wick or shadow). The small part behind the candle is called the "nose". To sum it up better - Japanese candlesticks have the following components: Body : The thicker part of the candle that indicates the divergence between the opening and closing price. The wick or the tail : It can be called (the shadow of the candle). The names differ, but they all refer to the upper and lower lines of the body of the candle, which represents the entire price path during a specific time frame, which indicates the maximum and minimum of the body of the candle on the price chart. Colour : It will allow us to determine if the candle is bullish or bearish, i.e. if the price has gone up or down. These colors can be customized according to the trader's own preferences