A candlestick of a long black body that forms at the end of an uptrend, or at a resistance area.

This has bearish reversal implications.

The prolonged rally brought prices higher to a point that caught the traders’ attention, triggering profit-taking and sell orders.

As a result, the closing price is much lower than the open price signaling a possible end of the uptrend and new downward move.

 Supply/Demand Supply is greater than demand.
 Sentiment Negative
 Direction Bearish
 Trigger Consider selling if next candle falls below the low of the long black body

 

1

XMXM

4.9 rating based on 1,168 ratings
4.9/5 1168
2

DerivDeriv

4.9 rating based on 144 ratings
4.9/5 144
3

FBSFBS

3.6 rating based on 99 ratings
3.6/5 99
4

LMFXLMFX

4.7 rating based on 92 ratings
4.7/5 92
5

EXNESSEXNESS

4.9 rating based on 145 ratings
4.9/5 145
1

PrimeBitPrimeBit

3.9 rating based on 7,130 ratings
3.9/5 7130
2

BinanceBinance

4.3 rating based on 7,662 ratings
4.3/5 7662
3

bybitbybit

4.2 rating based on 3,323 ratings
4.2/5 3323
4

XBTFXXBTFX

1.9 rating based on 4,449 ratings
1.9/5 4449
5

BitMEXBitMEX

3.8 rating based on 6,911 ratings
3.8/5 6911