One Black Crow

• One Black Crow ~ the first candlestick is a long day bullish candlestick, with the second a long day bearish candlestick opening below the close of the first candlestick, the long day bit shows that people are rushing in for the sentiment of that candlestick, and we all know fear is overstated and people may jump on the bearish bandwagon. Lots of traders where strongly bullish as the first long day candlestick shows, however, the second long day candlestick shows that that excess of traders on day one have now been caught out as its now sinking fast therefor the bulls need to bail out adding to that fear sentiment, and as its near resistance it compounds the fact that its likely to rebound

 

The wicks will tell there own story for example, on the second candlestick above the wick shows that after it opened, it tried to push back up, but again was forced back down to eventually closing bearish, showing dis-interest in further bullish intent, both wicks on both days candlesticks show that the bulls tried to push higher but got rejected, THESE SIGNALS WILL VARY PATTERN TO PATTERN THOUGH

If the close of the second day candlestick finishes below the open of the first day candlestick, it shows that the bears have gained momentum