TUTORIAL
The latest candle (Friday 4/24/2020) formed a "Bullish" candle. A bullish candle is formed when its real body is approximately the same size as the previous candles, it "Closes" near or at its "High" and has a lower "Shadow" less than 2 times the length of its real body. It looks like a "Hammer" candle pattern but is not a hammer as its lower shadow is not greater than twice the length of its real body. During the formation of the bullish candle it "Opens" at the "Close" of the previous candle, moves lower and then the bulls (buyers) overpower the sellers and push the market upward and "Closes" at or very close to its high. Since the bulls (buyers) were able to overpower the sellers and push the market upward and "Close" at or near its "High" is what makes this a "Bullish" candle pattern.
TRADING
Although this candle was a "Bullish" candle it still formed a lower high and a lower low indicating the trend is still downward. I would not consider entering a "Short" trade because this candle was a bullish candle. I would want to see a "Bearish" candle to confirm the trend is still downward. Further, I would not want to enter a "Long" trade as the trend is still downward. I would want to see a "Bullish" candle pattern that makes as "Higher Low" and a "Higher High" to confirm the trend is reversing upward before considering a "Long" trade.
The latest candle (Friday 4/24/2020) formed a "Bullish" candle. A bullish candle is formed when its real body is approximately the same size as the previous candles, it "Closes" near or at its "High" and has a lower "Shadow" less than 2 times the length of its real body. It looks like a "Hammer" candle pattern but is not a hammer as its lower shadow is not greater than twice the length of its real body. During the formation of the bullish candle it "Opens" at the "Close" of the previous candle, moves lower and then the bulls (buyers) overpower the sellers and push the market upward and "Closes" at or very close to its high. Since the bulls (buyers) were able to overpower the sellers and push the market upward and "Close" at or near its "High" is what makes this a "Bullish" candle pattern.
TRADING
Although this candle was a "Bullish" candle it still formed a lower high and a lower low indicating the trend is still downward. I would not consider entering a "Short" trade because this candle was a bullish candle. I would want to see a "Bearish" candle to confirm the trend is still downward. Further, I would not want to enter a "Long" trade as the trend is still downward. I would want to see a "Bullish" candle pattern that makes as "Higher Low" and a "Higher High" to confirm the trend is reversing upward before considering a "Long" trade.