The White Marubozu (meaning ‘bald head’ or ‘shaved head’ in Japanese) is a single-candle pattern. Characterized by a white (or green) bodied candle with no wick (or shadow), the White Marubozu is a bullish candle whereby the opening price is equal to the low of the day, and the closing price is equal to the
The Black Marubozu (meaning ‘bald head’ or ‘shaved head’ in Japanese) is a single-candle pattern. Characterized by a black (or red) bodied candle with no wick (or shadow), the Black Marubozu is a bearish candle whereby the opening price is equal to the high of the day, and the closing price is equal to the
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The Bullish Abandoned Baby (or Abandoned Baby Bottom) is a candlestick pattern that signals a reversal in the current downtrend and indicates the beginning of an uptrend. Considered an accurate reversal pattern, the Bullish Abandoned Baby is a three-candle chart pattern whereby: The first candle is a large red candlestick located within a defined downtrend.
Rarely seen on a price chart, a Four Price Doji is a basic single candle pattern in which the open, close, high and low price are all equal. Representing the highest extent of indecision and uncertainty regarding market direction, the Four Price Doji candlestick pattern is typically seen during periods of low trading volume and/or in pre-market and
A Long White is a single candle pattern which signals strong buying pressure. Coloured white (or green) to represent bullish sentiment, the longer the candle, the further the close is above the open and the more aggressive the buyers. Identified as a continuation pattern particularly when found in the price action of an uptrend, the