Short Black Candlestick

SHORT BLACK CANDLESTICK

Type:	Reversal/Continuation
Relevance:	Indecision
Prior Trend:	N/A
Reliability:	Low
Confirmation:	N/A
No. of Sticks:	1

Definition:
The Short Black Candlestick implies relatively weak selling pressure with little price movement.

Recognition Criteria:
1. The real body of this pattern is black and short.
2. The upper and lower shadows are smaller than the length of the real body.

Explanation: The Short Black Candlestick signals a possible consolidation.

Important Factors:
Like most other single candlestick patterns, the Short Black Candlestick has low reliability. It reflects only one day's trading and can be interpreted both as a continuation and a reversal pattern. It must be used with other candlesticks for a better and healthier confirmation of a trend.