Category Archives: Basic Candles

The problem with doji candles (Part 1)

Doji is one of the most important basic candles acting as a building block of many patterns – both single and multiple lines. According to the classic definition, a doji candle is the candle where the closing price is equal to the opening price. Let's look at some of the definitions...

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Black Candle

See our Patterns Dictionary for other patterns.

Check our CandleScanner software and start trading candlestick patterns!

Forecast: reversal or continuation of a trend
Trend prior to the pattern: n/a
Opposite candlestick: White Candle

Construction:

  • black body
  • upper and lower shadows required
  • none of the shadows can be longer than the body
  • appears on as...
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