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The upper and lower shadows on candlesticks can provide valuable information about the trading session. Upper shadows represent the session high and lower. Just like a bar chart, a daily candlestick shows the market's open, high, low, and close price for the day. The candlestick has a wide part, which is called the. Before you can read a Candlestick chart, you must understand the basic structure of a single candle. Each Candlestick accounts for a specified time period; it.

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Solid or Hollow. Solid candle if the current closing price is lower than the current opening price. Hollow candle if the current closing price is higher than. When the close is higher than the open, a white hollow candlestick is formed, indicating buying pressure. Long white candlesticks mean that the close was. These three elements, the upper shadow, real body, lower shadow will show you how to evaluate any candlestick. There, that was easy, wasn't it? Looking at the.

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The ability to read candlesticks allows the price action trader to become a meta-strategist, taking into account the behaviors of other traders and. The thick part is the candlestick's body, which shows the difference between the open and close. A candle is colored green if the price moved higher during that. When the close is higher than the open, a white hollow candlestick is formed, indicating buying pressure. Long white candlesticks mean that the close was.