Now here we will see how a candle is formed.
Let's now see say that these are the prices on Y-axis and on x axis.
We have time.
The market started trading at one hundred, then see, for example, went to ninety.
Then the fluctuation within this price points made a high of 140 and closed at 120.
So this is the movement of market on any particular day.
If this is the movement, then how candle will look like this is how the candle of this particular day
will look like when it open at this price, which is one hundred represented by the starting point of
the body, then 140 was the highest rated point, isn't it?
So therefore it is represented by this very point, which is nothing but high.
The 90 was the low and hence represented by the lower week and 120 was the close.
Therefore, the body of the candle, which is closing at higher than the open, is represented by Glue's.
This is how a candle is formed.
Now let's see how birth control formed.
It is nothing but inverse of one candle.
Let's suppose that market started its first trade at 120, then did some fluctuation, made a high of
140.
Then again, it played within this range, middle of 90 and ultimately closed at one hundred.
So opening price of this particular stock was 120.
So for a bear candle, open will be higher and close will be lower.
So open was 120.
Glaus was one hundred.
So this is the closing point.
High was 140, which is nothing.
But this price low was ninety, which is nothing.
But this point, this is how a bull as well as a bear candle is formed.