Red Candlestick

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Dictionary Says

Definition of 'Red Candlestick'

The component of a candlestick chart that represents a downward movement in the underlying price. A red candlestick is composed of the period's high, low, opening and closing prices. If the closing price is lower than the day's opening price, then the body of the candle is red or black.

Also known as a "black candlestick" or a "closed candlestick".

Red Candlestick
Investopedia Says

Investopedia explains 'Red Candlestick'

Charts are primarily used in technical analysis. A red candle quickly conveys a downward movement as well as the range of the price for the day. The longer the candle, the greater the price movement.

Most charting software will allow you to change the colors of these candles. Even though red and black are common colors for this type of candlestick, any color can be used.
Search results for

'Red Candlestick'

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  • Star Formations Spotlight Luminary Trades

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  • Western Line Vs. Candlestick Charting

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    ... Some charting programs will have them colored in red or green. The blank or
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  • Candlestick Charts

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    Close. Candlestick Charts. Standard Candlestick Chart. A standard Candlestick chart
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  • Technical Analysis: Chart Types | Investopedia

    http://www.investopedia.com/university/technical/techanalysis7.asp
    ... clear. If the stock has traded down for the period, then the candlestick
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    ... body with longer wicks: Similar to the doji candlestick formation, this ... Negative
    candles (red) containing shadows or wicks: Weakness or negative momentum is ...

  • What do the different colored candlesticks mean?

    http://www.investopedia.com/ask/answers/07/candlestickcolor.asp
    ... A filled bar, usually red, is created when a security's closing price is below ... Any
    color can be chosen to create any candlestick, but regardless of the color ...

  • Pivot Strategies: A Handy Tool For Forex Traders

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    ... The green line is the pivot point (P). The red lines are resistance ... but the accuracy
    of using pivot lines increases when Japanese candlestick formations can ...

  • An Introduction To J-Charting

    http://www.investopedia.com/articles/technical/04/060204.asp
    ... Figure 4 - In attempting to fill the cave (red ellipse) the previous balance ... Unlike
    the traditional bar or candlestick charts, both J-Chart and Market Profile ...

  • FX Exit Strategies: Keeping Your Profits

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    ... Therefore, as a third exit a trader uses a candlestick pattern (for example) – if ...
    As the trade progresses a red bar occurs, but the rates moves higher once ...

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