SHORT WHITE CANDLESTICK
Definition
This candlestick indicates relatively weak buying pressure, resulting in limited price movement.
Recognition Criteria
1. The body of the candlestick is white and small.
Candlestick Requirements and Flexibility
The candlestick’s white body should be small, while the lengths of the shadows are inconsequential.
Trader’s Behavior
This candlestick alone is insufficient to determine bullishness, as it represents only one day’s trading activity. 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.