Compared to other forms of representing price action, many traders consider candlestick charts
more visually appealing and easier to interpret. Each candlestick provides an easy-to-decipher
picture of price action. A trader can immediately compare the relationship between the open and
close as well as the high and low. The relationship between the open and close is considered
vital information and forms the essence of candlesticks.
These candles determine a potential trend reversal, the neither the bulls nor the bears are strong enough to push the trend in one direction.