. Body is short.
. The height of the (the difference between high and low price) is tall enough and it's more than the Daily ATR(264). The taller the is, the stronger the .
. The upper shadow (also known as upper wick or tail is the distance between the high price and the close or open price, whichever is higher) should be very tall, over than 75 percent of the Daily ATR(264) is better.
. The lower shadow (also called bottom wick or tail is the distance between the low price and the close or open price, whichever is lower) is nonexistent or very short. It should be less than 25 percent of the Daily ATR(264).
. The with the body is stronger than the one with the body.
. The picture shows a perfect .
As seen, the height of the is tall, but the body is very short. Also, the upper shadow is very tall and the lower shadow is very short.
. The close price is lower than open price, therefore the body of this is , and the strength is very high.
★ For having access to the latest forecasts at the time they publish, the latest NEWS, and many other privileges, please subscribe to the