What does Black candlestick mean?

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.

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Also, how do you read a candle?

If the upper shadow on a down candle is short, it indicates that the open that day was near the high of the day. A short upper shadow on an up day dictates that the close was near the high. The relationship between the days open, high, low, and close determines the look of the daily candlestick. How do you read one minute candlesticks?

Thereof, what does the first purple candle mean?

hope The first candle, which is purple, symbolizes hope. It is sometimes called the "Prophecy Candle" in remembrance of the prophets, especially Isaiah, who foretold the birth of Christ. It represents the expectation felt in anticipation of the coming Messiah. The second candle, also purple, represents faith. Thereof, how do you predict the next candle?

Keeping this in consideration, what is the power of a candle?

Candlepower (abbreviated as cp or CP) is a unit of measurement for luminous intensity. It expresses levels of light intensity relative to the light emitted by a candle of specific size and constituents. The historical candlepower is equal to 1.02 candelas.