“From the size of the candlestick body, we can gauge the strength of the price direction. The longer the candlestick’s body, the stronger is the price momentum. Long Body indicates heavy trading in the ongoing direction, that is, the session has witnessed strong buying or selling as the case may be. In other words, long body implies heavy commitment by buyers in the case of white candle and by sellers in the case of black candle. That is, a long white candle signifies that the trading session was dominated by bulls and a long black candle signifies that the trading session was dominated by bears. Small body implies that very little buying and selling happened during the session; neither bulls nor bears could move the price as they liked during the session and prices closed at or near to the open. Candlestick with no shadow implies a strong trend in a single direction because all the price changes were upward in the case of white candle and downward in the case of black candle without facing rejection at any point of time during the session.”