BRVX course: Perp trading basics · 7 min read · Updated September 25, 2026
A candlestick chart shows four prices for every period — open, high, low and close — as a body and two wicks, so one candle tells you who controlled the period and by how much. BRVX's chart offers timeframes from 1 minute to 1 month.
On this page
Every price chart you will trade from is a candlestick chart by default. Reading one takes about ten minutes to learn and a few weeks to do without thinking. This lesson is the ten minutes.
Key takeaways
- The body is open to close; the wicks are the high and the low.
- Colour shows direction; size shows conviction.
- The same candle means different things on different timeframes.
Anatomy of a candle
- Body: from the open to the close of the period.
- Green (or hollow): close above open. Red (or filled): close below open.
- Upper wick: the highest price reached. Lower wick: the lowest.
- A candle with a long wick and small body shows a price that was rejected.
What one candle tells you
A long green body with small wicks means buyers controlled the whole period. A small body with long wicks on both sides means a large fight with no winner. A long lower wick at the bottom of a fall means sellers pushed price down and buyers pushed it back — the story behind the hammer pattern.
Timeframes change the meaning
A 1-minute candle is one minute of noise; a daily candle is a day of decisions by far more traders. Beginners often read signals on a 1-minute chart and hold the trade for days. Pick the timeframe that matches how long you intend to hold.
Timeframe vs holding period
| Chart timeframe | Typical holding period | Used by |
|---|---|---|
| 1–5 minutes | Seconds to minutes | Scalpers |
| 15 minutes–1 hour | Minutes to hours | Day traders |
| 4 hours–1 day | Days to weeks | Swing traders |
| 1 week–1 month | Months | Position traders |
How it looks on BRVX
BRVX's chart is TradingView, with timeframes from 1 minute to 1 month, drawing tools and the 24-hour high and low. Stock, commodity and EUR quotes on BRVX keep moving on weekends, so a BRVX daily chart of NVDA has Saturday and Sunday candles where a stock exchange chart shows a gap.
Check yourself
Checked in your browser; nothing is saved.
How to read candlestick charts: common questions
What does a red candle mean?
The period closed below where it opened.
What is a wick on a candle?
The thin line above or below the body, marking the highest and lowest prices of the period.
Which timeframe should beginners use?
One that matches the holding period — a daily chart for trades held for days, not a 1-minute chart.
Lesson 3 of 15 done. Next: Position sizing
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