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New TA/Charting, page-12147

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    FWIW LONG BLACK CANDLESTICK.
    https://hotcopper.com.au/data/attachments/5124/5124901-e5da7e9cf51aecd90ecdd3dd6ecbf17a.jpg

    Possible interpretation:
    If it is seen after a decline, it may signal panic or capitulation, a final sell off attempt before bulls regain control. In that regard I mentioned $1.43 as possible support.
    Still, the candlestick alone is not reliable enough to decide the direction of the markets, since it reflects only one day’s trading.

    Last edited by FlashPoint: 15/03/23
 
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