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Last week I produced the podcast called Technical Analysis Top Ten List, and in the prologue I said that I would cover each of the top ten in subsequent podcasts. By the way, you can subscribe to the podcast here on iTunes. Well today, I’m going to talk about charting. I’%
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8 months ago
7 months ago
A hollow candle, black or red, is a candle where the open is at the bottom of the candle body, and the close is at the top of the body. The difference between black and red hollow candles is that a black hollow candle closes above the previous open, where a red hollow candle closes below the previous open.
7 months ago
To summarize, I suppose you could call the black candles bullish (closing prices are rising) and red candles bearish (closing prices are falling). That's useful information.
Thanks for the explanation. I understand these charts better now.
8 months ago