Candlestick charts display the price bar in a graphically different way from standard bar charts. Candlesticks are dramatic and visually compelling, which makes them more appealing to many technical analysis traders.
A big white candle means the close was much higher than the open, and that's a good sign for a security buyer. A big black bar means the close was under the open and near the low, which may be hard to see on a regular bar but hard to miss in candlestick format. What if the candlestick shows the open and close about the same? This configuration means you can't read supply and demand in the bar and should not trade the security.
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Source:http://www.dummies.com/how-to/content/know-the-parts-of-a-candlestick-chart.html
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