A bullish candlestick is typically green or white and means the closing price is higher than the opening price, indicating upward momentum. Inversely, a bearish candlestick, generally red or black, signals that the closing price was lower than the opening price, reflecting downward pressure.
-If the upper wick on a red candle is short, then it indicates that the stock opened near the high of the day.
-On the other hand, if the upper wick on a green candle is short, then it indicates that the stock closed near the high of the day.
-If the upper wick on a red candle is short, then it indicates that the stock opened near the high of the day.
-On the other hand, if the upper wick on a green candle is short, then it indicates that the stock closed near the high of the day.
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