Candlesticks indicates the price action of a security for a specific period. It presents in a form of a candle, with a wick at the top or at the bottom or sometimes both or even none. The wick indicates how far the price went for that period.
Bullish Candlestick: These are default green or white in colour but can be any colour. They indicate the presence of buyers in the financial market at any given period in time. The opening price starts at the bottom and closes at the top as indicated in the above image.
Bearish Candlestick: These are default red or black in colour but can be any colour. They indicate the presence of sellers in the financial market at a given period. The opening price starts at the top and closes at the bottom as shown in the image above.
Below is a simple image that shows the strength of bullish and bearish candlesticks.
Writer: Kabirat & Olufunso Awe
Editor (s): Kabirat & Olufunso Awe
Publisher: Awe Olufunso
Editor (s): Kabirat & Olufunso Awe
Publisher: Awe Olufunso
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