OPEN HIGH LOW CLOSE (OHLC)If CLOSE is above OPEN, it can be said that the CANDLE will be BULLISH which means the stock market is going up.
Also, if CLOSE is below OPEN, we can say that the CANDLE will be BEARISH which means the stock market is declining.
Other than that, body length refers to STRONG BUYING or SELLING PRESSURE.
If there is a candle that is CLOSE above the OPEN with a long body, it means the boom of the BUYER is stronger and they will take over control of the Market in that time.
On the other hand if the BEARISH candle which is OPEN above CLOSE with a long body, it means SELLING PRESSURE controls the Market in that time.
The short and small body, on the other hand, shows little activity of buying or selling.
