Candle Color Meaning Chart at Chart

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Candle Color Meaning Chart. The color of a candle, or of anything in your immediate environment, is like a key which unlocks a certain compartment of your. A black candlestick indicates that the close was higher than the prior close.

Different Colored Candlesticks In Candlestick Charting
Different Colored Candlesticks In Candlestick Charting from www.investopedia.com

The candlestick chart has become an invaluable tool in technical analysis. The small candle does not necessarily mean a strong reversal is coming. Candles with volume >= 200% of the average volume of the 10 previous chart candles, and candles where the product of candle spread x candle volume is >= the highest for the 10 previous chart time candles.

Different Colored Candlesticks In Candlestick Charting

A candlestick is red when the last price is below the prior close. A green candlestick is equivalent to an open candle of the monochrome “candlestick” chart type; The hollow or filled aspect is determined by the relationship between the open and the close. The color champagne symbolizes class and modesty.