Huntraders | Bearish Long Black candle

Bearish Long 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

Bearish Long Black Candlestick reflects a strong selling pressure on the market.

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

Recognition

The candle’s black body is relatively long.
The length of the shadows is irrelevant.

Interpretation

Bearish Long Black Candlestick reflects a strong selling pressure on the market. The share closes below the opening price. The Long Black Candlestick typically appears in inclining trends. Investors are not recommended to act upon this candle, the previous candles must be analysed before decision-making.

Important factors

Long Black Candlestick is a low-reliability formation which consists of one candle. It only reflects the trading of one day and it can signal both the continuation or the reversal of a trend. Therefore, it is recommended to interpret the formation with the previous candles and formations.

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