Hollow vs standard candlesticks: Technical guide for forex traders

This educational piece explores the advantages of hollow candlestick charts over traditional solid candlesticks for forex technical analysis. Hollow candlesticks provide clearer visual signals by differentiating between closing prices relative to both opening and previous closing levels, offering traders enhanced clarity in trend identification. The hollow format displays bullish candles (close > open) as hollow/white bodies and bearish candles (close < open) as filled/black bodies, while also incorporating the previous close relationship through color coding. This dual-information system helps traders identify trend continuations and reversals more quickly, particularly useful in fast-moving forex markets. Professional traders report improved decision-making speed and reduced eye strain when using hollow candlesticks for multi-timeframe analysis. The article emphasizes practical applications including trend strength assessment, support/resistance identification, and momentum shifts, making it particularly valuable for day traders and scalpers who require rapid visual processing of price action.