A bear candle is a tool used to show data regarding the price movement of an item. One of the most often used elements of technical analysis are candlestick charts, which allow traders to rapidly and from a small number of price bars understand price information. Individual candlesticks gradually combine to create patterns that traders can use to identify key levels of support and resistance. Number of bear candle patterns might reveal a market opportunity; some reveal the equilibrium between buying and selling pressures, while others point to continuation patterns or indecisive markets. It's crucial to educate yourself on the fundamentals of bear candle and how they can influence your trading decisions before you begin trading.
➔ The body is a representation of the range from open to closed.
➔ The shadow, or wick, that shows the high and low values for the day
➔ The color, which indicates the direction in which the market is moving A price decrease is indicated by a red (or black) body, whereas a green (or white) body denotes an increase in price.