So far we looked at the candlestick’s history, importance and colours, but now let’s have a look at the body and size!
Fun fact, the size of the body reveals the participants’ interest and strength of the signal. So it basically signifies the strength of the buyers or sellers.
For example, a long white body shows considerable trading activity by the buyers. Similarly, a long black body displays the sellers’ pressure.
Conversely, small bodies are not reliable on their own regarding the strength of the buyers and sellers.
Now, a small white body is not convincing enough to show that buyers are winning the battle, and the same goes for a small black body as well.
Therefore, small bodies rather indicate indecision among the traders when analyzed in isolation/individually.
In simple words, the bigger the size of the body, the more reliable/important the signal!
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