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It indicates a brief consolidation a clear downtrend, and understanding extra layer of information that.
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| Bitstamp how to switch to candles graph | Note that at any point of pattern creation you can change the order of candles by dragging-and-dropping them on the pattern chart this will, however, dismiss all the pricing conditions previously defined for the affected candles. In our case, this means that the close of candle 2 is greater than the close of candle 1. If the wicks on the candle are short, it means that the high or the low of the measured timeframe was near the closing price. It indicates a brief consolidation in a downtrend, followed by a continuation of the downward movement. As the first candle is a big candle setting the pattern up with strength a little cross following up with the same close and open which is showing a consolidation in this range to build up and continue with the further volatility into the established direction. |
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