what is a white candlestick 
a white candlestick depicts a period where the security s price has closed at a higher level than where it had opened it is a point on a security s candlestick chart representing a bullish period on some charts an up candlestick may be depicted as either green or black these may be contrasted with a red candlestick which denotes a lower closing price than the prior period understanding white candlestickswhite candlesticks represent a positive increase in a security s price during the observed period of time the body of the candlestick will typically be displayed in white on a candlestick series chart to show that the net result of the period s price action was up however in some technical charting systems the trader may have the option to choose a specified color such as blue or green to represent price gains typically a candlestick will show the security s open high low and close for a specified time period e g weekly daily hourly etc the high and low will be shown by the two wicks on each end of the body the body comprises the distance between the period s open and closing prices thus candlestick marks show the range of prices that the security has reported through a single period candlestick charts are convenient for technical traders because they can easily display a full day s price movement generally the default colors for candlestick charts will be either white green up and red black down though nowadays charting packages offer the trader the option to customize the color schemes to their specifications red black candlesticks are the opposite of white candlesticks they represent a downward movement for the day in a red black candlestick the closing price of a security is reported as lower than the opening price the last possibility for charting a period s price action is where the open and close prices are identical this is called a doji and is graphically portrayed by a dash signifying that the charted security s opening price is equal to its closing price candlestick shadingmost charting software allows you to change the colors of candlesticks but the most commonly used colors are white black green filled or hollow and red filled or hollow each color conveys a different meaning the two most common types of candlesticks are white green black hollow candlesticks which are indicative of a strong uptrend and red filled candlesticks which are indicative of a strong downtrend red hollow and black filled candlesticks are less common since they require a price gap to occur candlesticks vs bar chartscandlestick and bar charts show the same information open high low and close but in a different way a bar is a vertical line with no real body like a candlestick consisting of a small horizontal line to the left marking the open price and a small horizontal line on the right marking the close technical analysis and candlestick indicatorstechnical analysis indicators are formed from the combination of white red and doji candlesticks there are many short term and long term formations that can be used as indicators for security investment technical analysts can quickly glean a lot of information from the color of a candlestick before looking at any aspects of the chart for example a white green or black filled candlestick might suggest that the price is becoming top heavy while a red filled candlestick represents a clear and strong downtrend traders may use these insights to gauge market sentiment almost all traders use candlestick charts in conjunction with other forms of analysis it is considered unwise to trade based on candlestick patterns alone the investor or trader may gauge market sentiment using candlestick charts and then use chart patterns to identify potential areas of breakdowns or breakouts technical indicators can also be useful as a confirmation of market sentiment for example the relative strength index rsi may be used in conjunction with candlestick charts to show how strong a trend is in a given direction below are a few candlestick patterns commonly identified on a technical analysis chart 