Candlestick body sizes
Candlesticks have different body sizes:
Long body refer to strong buying or selling pressure, if there is a candlestick in which the close is above the open with a long body, this indicates that the buyers are stronger and they are taking control of the market during this period of time.
Conversely, if there is a bearish candlestick in which the open is above the close with a long body, this means that the selling pressure controls the market during this chosen time frame.
- Short and small bodies indicate a little buying or selling activity.
In next blog we are going to learn about candlestick shadows.
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