"Does this make sense so far?", Bob asks. We nod and he continues. "Candlestick charts are modifications of OHLC charts. Here's an interesting trivia tidbit. Candlestick charts were created in Japan in the mid-1800s to help with the rice trade." He pauses and then turns to the whiteboard and begins drawing again.

"These charts also have a vertical line showing the high and low prices. However, instead of using ticks on each side to denote the opening and closing prices, they have a bar called the body overlaid on the line. The body extends from the opening price to the closing price."

"The parts of the line extending above and below the body are called the shadows. Sometimes, they are also called the wick and tail, hence the name candlestick. When the closing price is below the opening price, the body is filled in. If the closing price is higher than the opening price, the body is empty." Bob finishes his two diagrams as shown in the following figure:

"This should be enough to get you going," Bob says as he sits down. Roshan continues the meeting, and the management team discusses other methods to improve enrollment. The meeting concludes after about an hour and we thank Bob as we leave.