Black Candlestick

Glad to have you here at Joyful Dividends! You are reading a blog series on Introduction to Candlesticks. Today, we introduce you to the Black Candlestick, which represents extreme bullishness. If you will like to check out a series of candlesticks to help you invest profitably, please head over to Basic Candlesticks for a full list! 

Black Candlestick

black-candlestick
Black Candlestick

Criteria: 

The body of this candlestick is black with normal length. Both upper and lower shadows are required, however, both shadows cannot be longer than the body.

Information Conveyed: 

The Black Candlestick implies normal selling pressure. Prices fell throughout the day from open to close and sellers were mostly in control of the price action. 

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