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What can their formations<br />
tell us?<br />
The relationship between the open and close is considered<br />
vital information and forms the essence of <strong>candlestick</strong>s.<br />
Hollow <strong>candlestick</strong>s, where the close is greater than the open,<br />
indicate buying pressure. Filled <strong>candlestick</strong>s, where the close is<br />
less than the open, indicate selling pressure.<br />
TYPES OF CANDLESTICKS<br />
Open<br />
BEARISH<br />
BULLISH<br />
Long filled <strong>candlestick</strong>s<br />
indicate that the Bears<br />
controlled trading for<br />
most of the time.<br />
Close<br />
Close<br />
Long hollow <strong>candlestick</strong>s<br />
indicate that the Bulls<br />
controlled trading for<br />
most of the time.<br />
Open<br />
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