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NISM Certifications · NISM-Series-XV: Research Analyst · Technical Analysis

In Japanese candlestick charting, a candle whose closing price is above its opening price is conventionally shown as which of the following?

A candle that closes above its opening price is a bullish or rising candle, usually drawn hollow or green. It shows buyers controlled the session. A filled or red body indicates a close below the open, and a doji means the open and close are almost equal.

  1. AA bullish (rising) candle, usually drawn with a hollow or green bodyCorrect
  2. BA bearish candle, usually drawn with a filled or red body
  3. CA doji with no real body
  4. DA candle with no upper or lower shadow only

Explanation

When the close is above the open, buyers have dominated the session and the real body is drawn as a bullish candle, typically hollow or green. A filled or red body shows a close below the open. A doji appears only when open and close are nearly equal.

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