Business, Legal & Accounting Glossary
A Short Day candlestick has a small candlestick body. In itself, a short day candlestick has no bullish or bearish significance. The candlestick is generally only considered in relation to a larger candlestick formation.
A Short Day candlestick represents a small price move from open to close, where the length of the candle body is short.
The Short Day candlestick can occur in a number of different contexts and by itself it only indicates that the time frame was neither bullish or bearish, and had a small range. Therefore, the Short Day is not generally used as a trading signal. The Short Day is often part of a larger candlestick pattern, in which case it has more relevance.
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This glossary post was last updated: 22nd March, 2020 | 2 Views.