Long Red body
A candlestick of a long Red body that forms at the end of an uptrend, or at a resistance area. This has bearish reversal implications.
The prolonged rally brought prices higher to a point that caught the traders’ attention, triggering profit-taking and sell orders. As a result, the closing price is much lower than the open price signaling a possible end of the uptrend and new downward move.
Supply is greater than demand.
Consider selling if next candle falls below the low of the long black body.