BLACK CANDLESTICK
The chart showing Series 1 series.
BLACK CANDLESTICK
Definition
This candlestick indicates normal selling pressure, showing that prices declined from open to close throughout the day, with sellers maintaining control.
Recognition Criteria
1. The candlestick has a black body of normal length.
Candlestick Requirements and Flexibility
The candlestick’s black body should be of average length, 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 under sellers’ control. 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.
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