Replies to post #305 on Candlesticks (CANDLE)

[bbgold]

Will candlestick theory work in reverse?
That would be that any red candle failing to recover over 50% would be a Short? Just curious if you have been using the signal on short term charts? Again, are you looking at the 50% retracement of the Body of the candle or the total candle? Looks as though it could work with either the Body or the Price and for either green or red candles, JMHO though. Thanks for pointing out the theory Omni! :^)