SHORT BLACK CANDLESTICK
Definition
This candlestick indicates relatively weak selling pressure, resulting in limited price movement.
Recognition Criteria
1. The candlestick has a small black body.
Candlestick Requirements and Flexibility
The candlestick’s black body should be small, with the lengths of the shadows being inconsequential.
Trader’s Behavior
This candlestick alone is insufficient to determine bearishness, as it reflects only one day of trading. It could indicate either the continuation of a trend or a reversal. For a well-informed decision regarding market direction, it is essential to consider adjacent candlesticks.