How to Read the Candlestick Chart on Pluang's Web Trading Platform

On Pluang's web trading platform, each candlestick represents price movement over a chosen time period — the body shows the opening and closing price, and the wicks (shadows) show the highest and lowest prices reached during that period.

• The candlestick body: The rectangular body of each candle spans from the open price to the close price. A green (or hollow) candle means the price closed higher than it opened — a bullish period. A red (or filled) candle means the price closed lower than it opened — a bearish period.
• The upper wick: The thin line extending above the body marks the highest price reached during that candle's time period. A long upper wick suggests sellers pushed the price back down from its highs.
• The lower wick: The thin line extending below the body marks the lowest price reached. A long lower wick suggests buyers stepped in and pushed the price back up from its lows.
• Choosing a timeframe: Pluang's web chart lets you switch between timeframes (e.g. 1-minute, 5-minute, 15-minute, 1-hour, 1-day). A 1-day chart shows one candle per day, making it useful for spotting longer-term trends; a 1-minute chart is more suited to short-term price action. For Indonesian stocks, the only intraday timeframe is 5-minute.
• Reading patterns: Common candlestick patterns traders look for include the doji (open and close nearly equal, signalling indecision), the hammer (small body with a long lower wick, often a bullish reversal signal), and the engulfing pattern (a candle that completely covers the previous one, suggesting a momentum shift). These are interpretive tools, not guarantees — always combine them with other analysis.

Related questions:

Q: What does a long upper wick on a candlestick mean on Pluang?
A long upper wick indicates the price rose significantly during that period but was pushed back down by selling pressure before the candle closed.

Q: How do I change the candlestick timeframe on Pluang's web trading platform?
Look for the timeframe selector (e.g. 1m, 5m, 1h, 1D) in the chart toolbar at the top of the chart panel and click your preferred period. For Indonesian stocks, 5-minute is the only intraday option.

Q: Does Pluang's web platform show candlestick charts for all asset types?
Yes, candlestick charts are available for the tradable assets on the platform; select the asset you want to view and choose the candlestick chart type.