Longer body indicates more intense buying or selling force or pressure.
Shorter body indicates little price movement and represent consolidation
Shorter body indicates little price movement and represent consolidation
Long hollow (white) candlestick indicates:-
- Intense buying pressure.
- The longer the white candlestick, the higher level is the close above the open. In other words, prices went up appreciably from open prices and buyers are aggressive.
- Potential turning point or support level after an extended decline.
Long filled (black) candlestick indicates:-
- Intense selling pressure
- The longer the black candlestick, the lower level is the close below the open.
In other words, prices went down appreciably from open prices and sellers are aggressive.
- Potential turning point or resistance level after a long advance.
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