The same meaning as strong up candlestick but for a different type of trend.
This is kind of a candlestick you may expect to see in a strong downtrend where the market is trending strongly down.
As shown in an example above, these are the types of bearish Marobozu that is another name that we use as a trading jargon to describe strong move down.
The background story is very powerful and very simple to understand.
When you spot candlestick like this one, you know that you are in a quite strong downtrend.
When it comes to shape, it is the big red, bearish candlestick with or without small wicks.
If there are some small wicks, it is still valid since the market declined pretty hard in the time period represented by this candlestick and it doesn’t make too much change if there are some small wicks or not.No HTML was returned.
Milos is an independent trader, with a background in journalism and publishing. Nomadic by nature, he’s lived in four different countries this decade. He’s fascinated by Blockchain technologies’ potential to reshape all aspects of our lives. Milos got into Bitcoin while completing his degree and hasn’t looked back since, writing about anything crypto-related. He is the co-founder of the Cryptoaims and he has a strong passion to educate people about this revolutionary technology.