This candlestick implies a relatively weak buying pressure with a limited price movement.
Recognition Criteria
1. The body of the candlestick is green and small.
Candlestick Requirements and Flexibility
The green 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 bullishness 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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