Re: candles
Today's candle would be referred to as a 'hangman' or others would characterise it as a 'hammer' (with a small body) ......it is considered bullish because it represents a rejection of the low.
A 'shooting star' is the reverse where the tail is pointing upwards below a relatively short body, and is considered bearish because it represents the rejection of the highs or exhaustion by the buyers.
Both candles require confirmation by the following days' candle as to whether the market is likely to follow through. Longer tails usually indicate a more powerful shift.
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Last
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Change
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