candlestick
/ˈkændəlˌstɪk/
a chart element showing the open, close, high, and low prices for a period, resembling a candle
candlestick in a sentence
“The long-wick candlestick suggested sellers drove the price down before buyers regained control.”
Origin of candlestick
From Japanese rice trading charts (kagi/renko), introduced to Western markets in the 1980s
Related Words
breakout
when a price moves above a resistance level or below a support level with increased volume
dead cat bounce
a temporary recovery in a declining asset's price, followed by a continuation of the downtrend
head and shoulders
a chart pattern with three peaks — a higher middle peak flanked by two lower ones — signaling a trend reversal
RSI
relative strength index — a momentum oscillator measuring the speed and magnitude of recent price changes, scaled 0 to 100
MACD
moving average convergence divergence — a trend-following momentum indicator showing the relationship between two moving averages
Fibonacci retracement
horizontal lines on a chart at key Fibonacci ratios indicating where support or resistance may occur