Candlestick

A candlestick is a chart unit that shows open, high, low, and close for a period, with the body marking open-to-close and wicks marking extremes.

What Is Candlestick?

A candlestick is a chart unit that shows open, high, low, and close for a period, with the body marking open-to-close and wicks marking extremes.

Candles are building blocks of crypto charts and many pattern playbooks. Timeframe choice changes what each candle represents.

Candlestick anatomy diagram showing body, upper wick, lower wick, open, close, high, and low
Candlestick anatomy — body and wicks map open, close, high, and low.

Why Candlestick Matters

  • Why traders care: Compact OHLC view that supports pattern and alert workflows.
  • Playbook fit: Best with structure, volume, and risk rules.
  • Alert fit: Clear levels or thresholds become Phalerta notifications.

How Traders Use Candlestick

Green/up candles close above open; red/down close below (colors can vary). Read body size, wick length, and location vs structure.

Example: Candlestick in Practice

A trader studies a daily bullish engulfing at support, then sets a price alert above the candle high.

Pro Tip

Alert on levels created by important candles.

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Never Miss a Market Move Again

Turn Candlestick context into action. Set custom crypto alerts in Phalerta and get real-time notifications on Telegram, Discord, Email, or the app.

Frequently asked questions

What is Candlestick?

A candlestick is a chart unit that shows open, high, low, and close for a period, with the body marking open-to-close and wicks marking extremes.

What does a candle show?

Open, high, low, and close for the selected interval.

Can Phalerta help?

Yes — set price or indicator alerts and get notified on Telegram, Discord, Email, or the app.

Precision Alerts, Confident Trading.