It forms at the end of an uptrend or near a resistance area.

The candle has a long black body, a small lower shadow and very small or non-existent upper shadow.

The session opens near the high and closes near the low of the candlestick.

A long black body at the end of an upward move reveals the determination of the bears to push prices lower.

After a prolonged rally, prices reach attractive levels, triggering profit taking positions as a result of sellers entering the market. This causes supply that surpasses demand.