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Step 5. Types of bearish candles
Let's talk about the types of bullish candles yesterday and the types of bearish candles today.
Likewise, let's classify the types based on the shape.
First, the hanging candle.
It's a candle that went down to a low price and then went up a little.
It's a bearish candle with a tail at the bottom.
The shorter the torso and longer the tail, the more likely the next movement is to rise.
Next is 'meteoric candle'.
It's a candle that goes up once and then rolls down all the gains and then goes down further.
Because both the torso and tail contain the drop, the longer the torso and tail, the greater the influence.
If these cans appear at the high point, they are likely to turn downward.
Lastly, "long stick - bearish candle".
The properties are similar except for the pole bullish candle and the bearish/bullish.
It's a light stick candle with only the body without a tail up and down.
In general, there is a very strong downward trend in the process of these cans appearing, and the longer the torso, the more the amount of decline, so it exerts a greater influence.
Today, we've looked at the typical types of bearish candles.
Likewise, when you look at the shape of the candle on the actual chart, let's review it so that the characteristics of the candle come to mind!