Boring and Exciting candlesticks

Exciting Candlestick: 

A candlestick body that is greater than 50% of the candlestick range is a sign of strong price movement. This is because the body represents the difference between the open and close of the candle, so a large body indicates that there was a significant change in price during the trading period.

There are a number of different candlestick patterns that can be formed when the body is greater than 50% of the range. Some of these patterns are bullish, meaning that they indicate a potential price increase, while others are bearish, meaning that they indicate a potential price decrease.

This type of candlestick is often seen at important support or resistance levels. For example, if a candlestick with a large body forms at a support level, it can be a sign that the price is likely to bounce off of that level. Conversely, if a candlestick with a large body forms at a resistance level, it can be a sign that the price is likely to reverse and head lower.

Of course, it is important to consider other factors when analyzing candlestick charts, such as the overall trend of the market and the presence of other technical indicators. However, a candlestick body that is greater than 50% of the candlestick range can be a useful tool for identifying potential trading opportunities.

Here are some examples of candlestick patterns that can be formed when the body is greater than 50% of the range:

• Bullish Engulfing: This pattern is formed when a large white candle engulfs a large red candle. It is a bullish signal that indicates that the bulls have taken control of the market.
• Bearish Engulfing: This pattern is formed when a large red candle engulfs a large white candle. It is a bearish signal that indicates that the bears have taken control of the market.

It is important to note that not all candlesticks with bodies greater than 50% of the range will form these specific patterns. However, these patterns are some of the most common and reliable candlestick patterns that can be used to identify potential price movements.

Boring and Exciting candles

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Boring Candlestick:

A candlestick body that is less than 50% of the candlestick range is considered to be a small body. This indicates that the price range between the open and close of the candle was relatively small, and that there was not a lot of volatility during that time period.

In general, small bodies are seen as being less significant than large bodies. This is because they do not indicate as much movement in the price. However, small bodies can still be used to identify certain candlestick patterns, such as the hammer and doji.

Here are some examples of candlesticks with bodies that are less than 50% of the candlestick range:

• Hammer pattern: This pattern is a bullish reversal pattern that occurs when a small body candle with a long lower wick forms. It is a sign that the bears were unable to push the price down further and that the bulls may be in control.
• Shooting star pattern: This pattern is a bearish reversal pattern that occurs when a small body candle with a long upper wick forms. It is a sign that the bulls were unable to push the price up further and that the bears may be in control.

Here are some of the factors that can contribute to a small candlestick body:

• Low volatility: If the market is not moving very much, then the price range between the open and close of the candle will be small.
• Market indecision: If there is a lot of uncertainty in the market, then traders may be reluctant to make large commitments, which can lead to small candlestick bodies.
• Breakouts: Small candlestick bodies can sometimes occur at the beginning of a breakout, as traders test the new price level.

If you see a candlestick body that is less than 50% of the candlestick range, it is important to consider the other factors that may be contributing to the small body. This will help you to determine whether the small body is significant or not.