Huntraders | Neutral Black candle

Neutral Black candle

Using candlestick patterns is the most popular illustration technique today. With their help it is easier to recognise trend reversals and to calculate future price movements. It is essential to understand candlesticks for successful trading.

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Definition

Neutral Black Candlestick reflects the dominance of the sellers.

Trend: Neutral
Expected trend: Neutral
Previous trend: Neutral
Reliability: Low
Type: Neutral
Number: 1

Recognition

The body of the candle is black with average size.
The shadows are shorter than the body.

Interpretation

A Neutral Black Candlestick is formed when there is a selling pressure on the market. The share price decreases all day, the market was dominated by selling.

Important factors

Neutral Black Candlestick consists of a single candlestick. Thus, it has a low reliability. It can both signal a trend’s continuation and reversal. It only reflects the trading of one day. The formation must be interpreted together with other surrounding candles.

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