close & opening in regard to time frame

I am a fairly new trader and need some help. I know what the opening and closing price of the day means but what does it mean in regards to different time frame such as 5min?

If a green candles closes at $8.5 with a $9 top wick in a 5min time frame. Does that mean at a price of $8.5 that’s were a trade with the highest volume was traded?


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