A candlestick chart displays the high, low, open and closing (HLOC) prices for each period designated for the candle. The “body” of each candlestick represents the opening and closing prices while the candle “wicks” display the high and low prices for each period. The colour of each candle depends on the applied settings, but most charting packages will use green and red as the default colours. The green candles reflect that price closed higher than where it opened (often called a bullish candle), and every candle that is red means the price closed lower than where it opened (often called a bearish candle). The candlestick chart is by far the most popular type of chart used in forex technical analysis as it provides the trader with more information while remaining easy to view at a glance.