How to know next candle green or red?

Analyzing candlestick charts is a crucial skill for traders. One key aspect to look at is the length of the wicks on the candles. For instance, if a red candle has a short upper wick, it provides specific information about the stock's movement.

A red candle represents a period where the closing price was lower than the opening price. When the upper wick on such a candle is short, it means the stock opened near the high point of the day. This indicates that buyers were initially aggressive but sellers gained control later.

Conversely, a green candle signifies a period where the closing price was higher than the opening price. If the upper wick on a green candle is short, it indicates that the stock closed NEAR the high of the day. This suggests that buyers remained strong throughout the period and were able to push the price up.

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