The difference between green and red candles
A Wealth of Knowledge
Yonela Ngulugulu 14 Sep 2017
Depending on the color coordination of one's candles, some people use black and white candles, some use green and white candles and some use green and red candles. all this is irregardless of the color scheme one is using on their charts. It is all a matter of the difference in opening and closing price...
When a candle closes as a green candle, this means that the candlestick opened at a lower price and the closed at a much higher price. This indicates that prices are increasing, that there is a bit of buying activity happening. For instance, the candlestick opened at $1,00 and closed at $3,00. the candle will turn green because it opened lower and closed higher than where it opened.
Red candlesticks mean that the price opened at a higher price then closed at a lower price. This means that the prices are decreasing. This indicates that there is a bit of selling activity in the markets causing prices to drop.
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