What are Japanese candlesticks?

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Japanese candlesticks are a type of chart used in technical analysis of financial markets. They are used to illustrate the movement of prices over a specific period of time, and provide a clearer visual view of the changes occurring in prices compared to traditional line charts. Each Japanese candle consists of:
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 Body: represents the range between the opening price and the closing price for the specified time period. If the close is higher than the open, the body is either filled or unfilled (usually green or white). If the close is less than the open, the body is shaded (usually red or black).
 Upper Shadow: represents the range between the highest price during the time period and the closing or opening price, whichever is higher.
 Lower Shadow: represents the range between the lowest price during the time period and the closing or opening price, whichever is lower.
 

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