🌸If the price closed at a price above the opening price, then the candle is referred to as a 'bullish' candle and if the price closed below the opening price, then the candle is referred to as a 'bearish' candle.
🌼The length of the shadows shows how much the price has moved up and down with respect to a candlestick within a specific duration.
🌻The size of the candlestick body shows the difference between the opening and closing price and it tells us a lot about the strength of buyers or sellers.
🌹Below, the most important characteristics of the analysis of the candlestick body are listed.
💐A long candlestick body, that leads to quickly rising prices, indicates more buying interest and a strong price move.
🌷If the size of the candlestick bodies increases over a period, then the price trend accelerates and a trend is intensified.
🌺When the size of the bodies shrinks, this can mean that a prevailing trend comes to an end, owing to an increasingly balanced strength ratio between the buyers and the sellers.
🌸Candlestick bodies that remain constant confirm a stable trend.
🌼If the market suddenly shifts from long rising candlesticks to long falling candlesticks, it indicates a sudden change in trend and highlights strong market forces.
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