Hi Members,
I have a doubt regarding the candlestick pattern. Usually for a Bullish(Green) Candle, will the candlestick open’s at a price goes down - hit the low and rises or else after the Candlestick is opened, will it moves upwards and comes down for price correction?
No
Yes
Closing price should always be higher than the opening price to form a Green Candle irrespective of Up or Down move throughout the timeframe.
No one can predict the price movement. The criteria for a bullish candle is simple, today’s close should be higher than the previous day’s close. If yes, its a bullish candle, else bearish.
This price movement can occur anytime, even towards the last couple of minutes to market close.
Anything can happen given the volatility.
But bullish candle close should be higher than open. Wicks for high and low of the time frame.