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Candles

Bullish candle

A candle that closes above where it opened — buyers finished the period in control.

A bullish candle says buyers won that period, not that they will win the next one. Its weight depends on context: one inside a downtrend is a bounce until structure says otherwise.

Read the body against recent candles rather than in isolation. A large bullish body after several small ones marks a change in participation; the same body among equally large candles is unremarkable.

Taught in

Reading Your First CandleCandle Anatomy

Body, wicks, and color — the raw material of every chart you'll ever read.

Also covered in that lesson

BodyThe thick rectangular part of a candlestick, spanning the distance between the open and the close.WickThe thin line above or below a candle body, marking the high and low that price reached but did not close at.Bearish candleA candle that closes below where it opened — sellers finished the period in control.OHLCOpen, high, low and close — the four prices every candlestick encodes for its period.

Related terms

Bearish candleBody