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A green candle appearing in the morning on your trading chart, especially after a period of downward movement or consolidation, often signals early bullish momentum. It indicates that buyers are stepping in and pushing the price higher at the start of the trading session.
This can be a key indicator for day traders, suggesting potential upward movement for the rest of the day. However, it's crucial to confirm this signal with other technical indicators and volume. Don't trade solely based on one green candle; always look for confirmation and manage your risk.
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