Glad to have you here at Joyful Dividends! You are reading a blog series on Introduction to Candlesticks. Today, we introduce you to the Short 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!
Short Black Candlestick
The body of this candlestick is black and small. Although both lower and upper shadows are present, neither shadow can be larger than the body.
The Short Black Candlestick implies generally weak selling pressure with limited price movement.
Joyful Dividends Explains:
The short black candlestick is a basic candle and can be part of both bullish and bearish patterns, both reversal and continuation. It is important to take the market context in which the Short Black Candlestick appears into account.
The short black candlestick may appear as part of a bearish harami or homing pigeon price pattern.