CANDLESTICK

DOWN CANDLESTICK: Selling pressure, prices declined from open to close, sellers were in control. The body of the candlestick is DOWN with normal length, the shadows’ length is not important. This candlestick alone is not reliable enough to decide about bearishness, we need to see more neighboring candlesticks to conclude the market direction.

UP CANDLESTICK: Buying pressure, prices advanced from open to close, buyers were in control. The body of the candlestick is UP with normal length.