News Focus
News Focus
Replies to #22395 on lowtrade
icon url

lowtrade

06/15/11 4:50 PM

#22396 RE: PlanTrader #22395

Actually I was posting about the red candle May17 in the bottom line.

Discussing the black candle May 31 in the top line. The line is prefect. Because the day finish was at the line.

Black candles are red days which finish above the day before.

WHAT ???

Stock charts uses a black candle when the day gaps up at open and finishes down from the open. But the close is still up from the day before. So with a black candle the open is the top body point and close the botom body point.

http://support.stockcharts.com/entries/20591-what-does-a-solid-black-or-hollow-red-candlestick-mean