Page 21 - A Complete Guide to Volume Price Analysis: Read the book then read the market

Fig 3.10 A Typical Candle

Perhaps the simplest way to visualise the price action contained within a candle, and is applicable regardless of timeframe (from a tick chart to a
monthly chart), is to display the price action, as a sine wave, with the market oscillating back and forth, as buyers and sellers battle for supremacy.

The image in Fig 3.11 is a visual representation of this price action and in this case it is the buyers who are triumphant. However, the price action
could have taken a different journey in creating this candle. It is the completed candle which is important.