I thought a black candle was bad and meant reversal down?
Just like I look at the direction of the Williams line to flatten or turn down, I don’t sell until I see a confirming indicator which is normally the fast stochastic line and/or money flow line also make a negative turn. I need to see two reversal indications before I buy into it as being the real thing.
When reading candles there is a lot of things to look at when considering a candle's meaning. It's color is one thing but so is its shape. It takes two black candles in a row on an up trend to confirm that a reversal is likely. Then double check that with Williams and the fast stoch line, money flow ect.
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