Candlesticker by Americanbulls.com - Black Candlestick Pattern

Black Candlestick Pattern

BLACK CANDLESTICK

Type:	Reversal/Continuation
Relevance:	Indecision
Prior Trend:	N/A
Reliability:	Low
Confirmation:	N/A
No. of Sticks:	1

Definition:

The Black Candlestick represents normal selling pressure.

Recognition Criteria:

1. The real body of this pattern is black with normal length.
2. The upper and lower shadows are smaller than the length of the real body.

Explanation:

Selling pressure is indicated by a Black Candlestick. The pattern shows that prices declined from open to close during the day and sellers were in control throughout this process.

Important Factors:

Like most other single candlestick patterns the Black Candlestick has low reliability. It reflects only one day's trading and can be interpreted both as a continuation and a reversal pattern. The pattern must be used with other candlesticks for a better or healthier confirmation of a trend.

	Disclaimer
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