Candlesticker

SHORT BLACK CANDLESTICK
The chart showing Series 1 series.
SHORT BLACK CANDLESTICK
Definition
This candlestick implies a relatively weak selling pressure with a limited price movement.
Recognition Criteria
1. The body of the candlestick is black and small.
Candlestick Requirements and Flexibility
The black body of the candlestick should be small. The lengths of the shadows are not important.
Trader’s Behavior
This candlestick alone is not reliable enough to decide about bearishness since it reflects only one day’s trading. It may show the continuation of a trend as well as a reversal. Other neighboring candlesticks must be taken into consideration for a healthy decision regarding the market direction.

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