What does the Black candle mean on the Royal Flush 240 chart?
It is an early warning sign that the momentum is shifting to the opposite way. It means to move your stop and protect your profit but stay in the trade because many trades are only pausing and will continue on. It also means heads up for a potential reversal. If the black candle has enough momentum to turn the moving average the opposite color – PAY ATTENTION. Tis could be the start of the move in the new direction.