DislikedSuppose you were looking for an opportunity to trade a trend reversal and saw a candlestick with a particularly long real body, in the direction of the trend. Would this signal that The market still has a lot of momentum in the direction of the trend, so a reversal is unlikely? The market is overextended and a reversal is likely? I have seen both of these interpretations of a long bodied candlestick suggested in Steve Nison's book 'Japanese Candlestick Charting Techniques', which seems contradictory. Can anyone please help me to understand this?...Ignored
for example:
- a long white real body visually displays the bulls are in charge.
- a long black real body signifies the bears are in control.
- a small real body (white or black) indicates a period in which the bulls and bears are in a “tug of war” and warns the market’s trend may be losing momentum.
I think you should go back to that book(Steve Nison's) again, it has a lot to offer!