concept of colour changed

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long hang seng on vacation

Questions From Readers

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Hello how are you?

I did not understand your concept of colour changed?

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same colour continuation = trend
colour changed = trend end
same colour continuation consist of 3 bull candlesticks or 3 bear candlesticks

(1).(2).(3)
all of them bull candlesticks(same colour)
each close price higher than each open price

(4)bear candlestick
close price lower than open price

so colour changed= bull candlestick to bear candlestick or bear candlestick to bull candlestick