VOL NO.

01

MARKET
STRUCTURE
WHAT IS A CHART MADE OF ?

In this volume, we will discuss about candles, it is a

basic concept you've go to understand in order to be
able to learn anything else.
( P.S: If you can't see what's writen on the pictures, you
can zoom in by holding CTRL+ mouse scroll )
We will start this bootcamp by answering the question
most of you are probably asking: WTF is this ?!
If you ask me, this is art. But I guess it is just a chart for
you.
I will try to guide you toward being able to translate
what it is trying to tell you.

This, is a candle, it represents

price variations over the course
of 1 min, 3min, 5min, an hour, a
week... You can choose it's
duration depending on what you
want the chart to tell you.

It is composed of a body, which

is the thick part in the middle,
and of two wicks, which are the
tiny bits at the top and bottom.
These will tell you everything you want to know if you
know how to read them properly, they will tell you if
price will go up, down, if it will go fast or slow, if you
are going to blow your account or not.

2
 To keep it simple,
we will say that every
candle represent on
minute, but keep in
mind that it can also
represent one hour,
two days or a month.
So, every candlestick
is made up with, an
open, a high, a low and
a close, opening at the
begining of the one
minute countdown, and
closing at the end of
the countdown.

To keep it simple, we will say that every candle

represent on minute, but keep in mind that it can also
represent one hour, two days or a month.

So, every candlestick is made up with, an open, a high, a

low and a close, opening at the begining of the one
minute countdown, and closing at the end of the
countdown.

The wick at the top, goes from the top of the body to
the highest point price reached during the minute we
are considering. This also apply to the wick at the
bottom, it goes from the bottom of the body, to the
lowest point price has reached.

3
Depending on the color of the candle, we can tell if
price went up or down during that one minute we are
talking about.

If it went up, we call it a "bullish" candle, otherwise, it is

a "bearish" candle. So, if the close is above the open of
the candle, it is a bullish candle, if it's bellow, it is a
bearish canle.

4
Now, to try to keep as simple as possible, this is, you
guessed it, a chart, I hope you like this because you are
going to stare a it for a looooonnng time everyday if you
want to be a profitable trader.
This chart is made up of these candlesticks and we will
later explain how to read it

I sincerely hope you understand these basics on

candlestick charts. You can ask me any question you
have, I will answer it with pleasure.
Lots of love, see you later.