Beginner
10 min readEducationalReading price charts
Candles, timeframes and volume — how to read a chart without inventing patterns.
Anatomy of a candle
Each candle encodes four numbers: open, high, low and close. The body shows the open-to-close move, the wicks show rejected extremes.
Timeframe changes the story
A downtrend on the 5-minute chart can be a pause inside an uptrend on the daily. Always name your timeframe before forming an opinion.
Volume is confirmation
A breakout on shrinking volume is weaker evidence than the same move on expanding volume.
Knowledge check
Answer to reveal the explanation
1. What do long upper wicks usually indicate?
0 of 1 correct
Key takeaways
- Wicks record rejection, bodies record agreement.
- Pick one primary timeframe and one context timeframe.
- Volume qualifies price, it does not replace it.
Zoflix is a simulated trading environment for education only. Prices and results are for demonstration and do not represent financial advice or real trading performance.