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Short Line Candle

 

Description

 

A short candle line refers to the short real body of a candlestick which illustrates the trading during the day between the open and the close. It is either white, a short bullish candle, or black, a short bearish candle. Both show trading was confined within a short range, with little price movement and relatively weak pressure. It also could be signaling consolidation.

 

The longer the candle body, the more buying or selling pressure. The shorter the body, the weaker the buying or selling pressure.

 

Short body candles that have long lower and upper shadows are called spinning tops, and could be take as a sign of reversal.

 

Market Opinion

 

Either bearish or bullish.

 

Pattern

Description: Description: C:\avasaramworkspace\avasaramWeb\web\tutorials\candlesticks\Short Line Candle_files\image001.jpg 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
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