Candle Types
As We all Know there are Buyer and sellers in the market we consider Red Candle as Seller Candle ( Bearish Candle) and We consider Green Candle as Buyers Candle
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| Buyers and sellers |
As I mentioned in img the opening and closing price of both candles is different and it is important to know
- Always Remember That the opening price of the candle will start from the previous candle closing price (General Rule)
- In some case, there will be some gap but logically candle will be open from the previous candle closing price
Candle Opening and Closing
- Domination | Head and Tail | Buyers & Sellers Pressure
Head and Tail
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| Head And Tail Concept |
- Green Candle Head is its upper wick
- Red Candle Head is its lower wick
- Green candle tail is its lower wick
- Red candle tail is its upper wick
Tailless candles are considered as Strong Candles
