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What does a black candlestick mean?

Marko Jovicic


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A black candlestick is typically associated with a bearish or negative price movement. It indicates that the closing price of an asset or security was lower than the opening price during a specific time period (e.g., a day, week, or month). Black candlesticks are often used to identify downward trends or potential selling pressure in financial markets.

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Hi Marko, thanks for asking!

When stocks are closed, information is derived from this close, and according to the color of this candlestick, we can conclude if the stock has closed on a lower or higher value than the prior close.

When a candlestick is filled with black color that means that the close was higher than the previous close, which is a positive sign and indicates an uptrend.

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