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Aarroncikk
09-05-2015,
This is probably one of those "stupid questions," but as a novice, I'd really like to get a clear answer to this. Please help this newbie understand. :

I use Stockcharts.com and I'm a bit confused by these two types of candlesticks.
What's the difference between a red candlestick and a black one?
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ADreattylilt
09-07-2015,
my understanding is both red & black are bearish... red indicates a close lower or the same as previous day's close... black signals close higher than previous day's close but lower than current day's open.... stockcharts is good but in addition to that and investopedia, i really like the candle stick trading forum so here is link for you in case you are interested in checking it out >> http://www.candlestickforum.com/

akehuhar
09-08-2015,
Thanks, fireoopal!
Yes, I knew that both red and black candlesticks were bearish, and that both meant that the stock closed lower than the open. But I couldn't figure out what was the difference.
Thanks to you, I think I've got it now.

So, it has to do with the closing price in relation to the previous day closing price.
If it closes lower than the previous day, then we get a red candlestick.
If it closes higher or the same as the previous day, we get a black one.

So I guess black candlesticks are better than red ones. Or at least, not as bad. :D

Thanks again!
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