The closing level is also very crucial and should be looked at in comparison to the highs and lows of the candle.
Try to keep in mind the following factors when you read candles:
1. Candle color: Green is bullish and bulls are the winners; red is bearish and the bears are victorious.
2. Size of candle body: Bigger the body, bigger the victory of the winning side.
3. Length of the candle shadow: Longer the shadow, bigger the retracement from the extreme, and thus stronger the rejection of that extreme level.
4. Candle closing level: Never judge a candle before it closes. A candle's closing value is very important and any interpretation derived without taking this into consideration could be incorrect.
2. Size of candle body: Bigger the body, bigger the victory of the winning side.
3. Length of the candle shadow: Longer the shadow, bigger the retracement from the extreme, and thus stronger the rejection of that extreme level.
4. Candle closing level: Never judge a candle before it closes. A candle's closing value is very important and any interpretation derived without taking this into consideration could be incorrect.
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