Candlestick Types of Charts are graphical representations of financial market data used by traders to analyze price movements and make informed trading decisions. These charts display the open, high, low, and closing prices for a specific time period. The candlestick chart gets its name from the shape of the data points, which resemble candlesticks with a thin vertical line (wick) and a wider rectangular body. The wick represents the price range between the high and low, while the body represents the price range between the open and close. Candlestick charts provide valuable information about market trends, reversals, and patterns, allowing traders to identify opportunities and potential price movements. They are widely used in technical analysis and provide a comprehensive visual summary of price action, making them an essential tool for stock market, forex, and cryptocurrency traders.