How do you read a bullish chart?

In the realm of candlestick charts, a black or filled candlestick holds a particular significance. It visually represents a scenario where the closing price for a given trading period falls below the opening price. This characteristic is interpreted as a bearish signal, hinting at a prevailing sentiment of selling pressure among market participants.

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Conversely, a white or hollow candlestick stands as a testament to a different narrative. It indicates that the closing price has surpassed the opening price, marking a positive shift in momentum. This formation is widely regarded as bullish, signaling robust buying pressure and potential upside potential for the underlying asset.

The distinction between black and white candlesticks is crucial for traders and investors alike, as it provides a quick and intuitive way to gauge market sentiment. By identifying these patterns, they can make informed decisions about their trading strategies, aligning them with the prevailing trend.