ChartingPark
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Chart Basics · Understanding Candles

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Apply it

Read an unlabelled candle

Now apply what you learned to a Bitcoin chart. The candle marked X represents 23 March 2023. Your task is to estimate its open, close, high, and low by using the price scale on the right.

Candle X is a green candle. This means the price finished higher than it started. The open is at the bottom of the body, and the close is at the top. The upper wick is drawn to the highest price of the day, and the lower wick is drawn to the lowest price.

Start with the open, then read the close, high, and low. Candle X has a very short lower wick, so look closely when reading its low.

These four prices—the open, high, low, and close—are often shortened to OHLC.

What is the approximate opening price?

Choose one answer.