Is there anyone who can help me with ideas/ theories on how to predict if the close price of the day will be above the open price, by reading the previous day’s chart.
Prev close: 277+
Today’s Close- 281.
I am looking for ideas revolving making some filters to understand historically what factors ensured that the day end price was higher than the open price, without looking at intraday candles.
Is there a way to somewhat predict which stocks will end higher than open, simply by understanding candle formations/ clouds/ waves etc.