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What are the components of candlesticks?

A candlestick is like a bar chart. Its main components are the open, high, low, and close prices for a specified period. The open and close form an elongated body, which is also called the real body that contains major importance in the whole bar. This real body is the price range where most of the trading takes place. Traders customise the candlestick appearance with different colours for more efficiency.

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