Candlestick charts are a popular tool used by traders to analyze price movements in financial markets. Each candlestick represents a specific time period and contains information about the opening, closing, high, and low prices for that period.When interpreting candlestick charts, traders look for patterns and formations that can indicate potential changes in market direction. For example, a Doji candlestick, which has a small body and long wicks, can signal indecision in the market.