This candlestick implies normal selling pressure, and shows that prices declined during the day from open to close and the sellers were in control.
Recognition Criteria
1. The body of the candlestick is red with normal length.
Candlestick Requirements and Flexibility
The red body of the candlestick should be of average length. The shadows’ length is not important.
Trader’s Behavior
This candlestick alone is not reliable enough to decide about bearishness, since it reflects only one day’s trading that was under sellers’ control. It may show the continuation of a trend as well as the reversal. Other neighboring candlesticks must be taken into consideration for a decision regarding market direction.
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