Since some people who visit the site may not be aware of what Candlesticks are, I thought I'd post this which is a very abbreviated description:

Some people believe that Candlesticks are simply ornaments meant for burning candles, but when Candlesticks are referred to in discussions about the stock market, they are referring to “Candlestick Charts” which are a visual aid for those who trade in the stock market.

Candlestick Charts are said to have been invented by a Japanese rice trader sometime during the 18^th century.  Today, Candlestick Charts are the most commonly used forms of display for stock market pricing due to their flexibility (versus bar charts or line charts).

There are multiple forms of candlestick chart patterns here is an overview of just a few of them:

To signal an uptrend in pricing, there would be a 'white candlestick' which may occur in different lengths with the longer body being a more significant price increase.

To signal a downward trend in pricing, there would be a 'black candlestick' which may occur in different lengths and the longer the body the more significant the price decrease.

A bullish pattern in the stock market during a downtrend in overall pricing would produce a long lower wick and a small or bodiless candlestick known as a hammer, while an inverted hammer would signal a possible reversal in a price that has been dropping. 

You can obtain additional information or see what some of the various patterns look like by visiting our website at http://www.accendotraders.com.  There you will find a full description of the variety of candlestick charts that you may become familiar with as you begin trading.

Various types of Candlestick Charts:

 Currency Candlestick Chart: 

Forex Candlestick Chart:

 Sample Candlestick Chart:

Japanese Candlestick Chart: