Lesson 01

Start with the interval, not the shape.

A chart compresses observations into a chosen sequence. Before reading a pattern, identify what each point, bar or candle contains.

Three hypothetical candlesticks with bodies, upper wicks and lower wicks
Hypothetical, unitless diagram. No market or timeframe shown.

One interval, four prices

Open

The first recorded price in the selected interval.

High

The highest recorded price in that interval.

Low

The lowest recorded price in that interval.

Close

The last recorded price in that interval.

A candlestick body spans open to close. Its wick reaches the high and low. Colour conventions can be changed, so position is more reliable than colour alone.

Three chart forms

Line chart

Usually connects one selected value per interval, often the close. It reduces detail.

Bar or candle

Preserves open, high, low and close for each interval. It adds detail, not certainty.

Timeframe changes the picture.

Five-minute, daily and weekly charts group observations differently. A move that looks noisy in one view can look smooth in another.