Candlestick Charts: The Ultimate Guide
Traditionally, a green or white candlestick indicates a closing price higher than the opening price, signaling buying pressure and a bullish market sentiment. Conversely, a red or black candlestick shows a closing price lower than the opening price, reflecting selling pressure and a bearish sentiment. However, the significance of these colors goes beyond the simple dichotomy of up and down movements in the market. For example, consider a day where the stock opens at $50, reaches a high of $55, a low of $45, and closes at $53. This would result in a candlestick with a green body (since the…


