Chartered Market Technician Practice Exam 2025 – Complete Prep Guide

In candlestick charts, a filled (or dark) candlestick typically indicates that the closing price is lower than the opening price. This visual representation provides traders and analysts with a clear picture of market sentiment for that specific time period.

When a filled candlestick appears, it symbolizes bearish sentiment—suggesting that sellers were in control during that period. The body of the candlestick is filled in because the close was beneath the open, which emphasizes the decline in price. This can be crucial information for traders looking to assess momentum, possible reversal points, or trends in the market.

The other options pertain to different interpretations in candlestick analysis. A candlestick with a closing price higher than the opening price would typically be represented as unfilled (or hollow), indicating bullish sentiment. No price movement between open and close would be depicted as a doji, which has a very small body. High market volatility can be shown by candlesticks with long wicks or shadows, but it does not directly correlate with a filled candlestick specifically, which focuses on the relationship between the open and close prices.