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Long Black Candlestick

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Long Black Candlesticks are indicators of strong selling pressure. A longer black candlestick means that the close is further below the opening price. The prices decline significantly following the opening showing that sellers were aggressive.

 


Long black candlesticks show strong selling pressure. The longer the black candlestick is, the further the close is below the open. This indicates that prices declined significantly from the open and sellers were aggressive
Marubozu ...

A long black candlestick.
The long white candlestick confirms that buying pressure remains strong and the trend is up. When the second candlestick gaps up, it provides further evidence of residual buying pressure.

Three long black candlesticks with consecutively lower closes that close near their lows.
Interpretation
A top reversal signal.

The 1st day's long black candlestick enforces the bears position. The next day a new low is set, however it closes higher than the 1st day. The 3rd day produces some indecision on the part of the bears.

When you see a long black candlestick or a Marubozu, it would indicate that the day closed with sellers in control and aggressive selling. It might also be safe to assume that this selling would continue into the next day.

Pattern Three long black candlesticks with
consecutively lower closes that close
near their lows.

Black Marubozu is a long black candlestick body with no shadows on either end. It is considered a bearish candlestick bar.
Breakaway Pattern Candlestick ...

For this formation this means that there must be two long black candlesticks with a gap between them in the first and second days. Third, a white candlestick occurs and is characterized with an opening within the body of the second day.

The bullish tasuki candlestick comprises of "a long black candlestick that opens within the range of the previous day's long white body, and closes marginally below the previous day's low".

The piercing pattern consists of a long black candlestick followed by a long white one that closes over halfway up the first candlestick.

A two period pattern where a long black candlestick is followed by a white candlestick. The white candlestick opens lower than the close of the initial candlestick and penetrates 50% or more of its body.

a long black candlestick is followed by a gap lower open during the next session. This session finishes as a strong white candlestick that closes more than halfway into the prior black candlestick's real body." ...

Bullish Tasuki Candlestick Reliability Rating: Low The bullish tasuki candlestick comprises of "a long black candlestick that opens within the range of the previous day's long white body, and closes ...

A long black candlestick following the long uptrend may forecast the turning point as well as the resistance level that is to exist in future.

While the decline is sputtering due to lack of new sellers, further buying strength is required to confirm any reversal. Look for a white candlestick to close above the long black candlestick's open.

stretch of bullish trades, a bearish or black candlestick occurs; the opening price, which becomes the high for the day, is higher than the close of the previous day; the stock price declines throughout the day, resulting in a long black candlestick ...

See also: Long, Candlestick, Black, Pattern, Candle

Stock market Long black bodyLong bond

 
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