NISM Certifications · NISM-Series-XV: Research Analyst · Technical Analysis
In a Japanese candlestick chart, a candle whose closing price is above its opening price is conventionally shown as a:
A candle that closes above its opening price is a bullish or rising candle, because the body shows the price moved up over the period. A bearish candle closes below the open, and a doji has nearly equal open and close.
- ABullish (rising) candleCorrect
- BBearish (falling) candle
- CDoji with no body
- DGap-down candle
Explanation
A candle's body spans open to close. If the close is above the open, the price rose during the period, so it is a bullish candle. A bearish candle has the close below the open, and a doji has open and close almost equal.
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