Category Archives: Basic Candles

White Spinning Top

See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_4584" align="alignright" width="126"] Figure 1. White Spinning Top (basic candle).[/caption] Japanese name: koma Forecast: lack of determination Trend prior to the pattern: n/a Opposite candlestick: Black Spinning Top Construction: white body at least one shadow required at least…
Read more

High Wave

See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_4594" align="alignright" width="126"] Figure 1. High Wave (basic candle).[/caption] Japanese name: takane nochiai Forecast: lack of determination Trend prior to the pattern: n/a Opposite candlestick: none Construction: a black or white body very small body at least one…
Read more

Long-Legged Doji

See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_4576" align="alignright" width="126"] Figure 1. Long-Legged Doji (basic candle).[/caption] Japanese name: juji, yose Forecast: lack of determination Trend prior to the pattern: n/a Opposite candlestick: none Related candle: High Wave Construction: a doji candle opening and closing prices…
Read more

Black Marubozu

See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_4586" align="alignright" width="126"] Figure 1. Black Marubozu (basic candle).[/caption] Japanese name: marubozu, bozu Forecast: reversal or continuation of a trend Trend prior to the pattern: n/a Opposite candlestick: White Marubozu Construction: black body lack of shadows appears on…
Read more