Rules of Recognition 1. The small real body is at the upper end of the trading range. 2. The color of the body is not important. 3. The long lower shadow should be much longer than the length of the real body, usually two to three times. 4. There should be no upper shadow, or if there is, it should be very small.
*DISCLAIMER*: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.