The Bearish Long Black Candle

The long black candle is a direct counterpart of the long white candle discussed earlier in this chapter. It's a long candlestick compared to other candlesticks on the same chart, and most or all of it is made up by a solid candle.

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The long black candle is as bearish as it gets. To see one of these candles means that sellers take over at the beginning of the day and push prices lower and lower until the end of the day. Typically, these sellers are just selling to get out, and their price sensitivity is low. Seeing this type of enthusiastic selling should give you confidence that the bears will be in control for a few more days after the long black candle appears, and you can capitalize on that.

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