See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_4581" align="alignright" width="126"] Figure 1. Short White Candle (basic candle).[/caption] Forecast: reversal or continuation of the trend Trend prior to the pattern: n/a Opposite candlestick: Short Black Candle Construction: white body required lower and upper shadow none of…
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Four-Price Doji
See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! This article describes the Four-Price Doji basic candle. [caption id="attachment_4592" align="alignright" width="126"] Figure 1. Four-Price Doji (basic candle).[/caption] Japanese name: doji Forecast: lack of determination Trend prior to the pattern: n/a Opposite pattern: none Construction: a doji candle all…
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Opening White Marubozu
See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_4579" align="alignright" width="126"] Figure 1. Opening White Marubozu (basic candle).[/caption] Japanese name: marubozu, bozu Forecast: reversal or continuation of the trend Trend prior to the pattern: n/a Opposite candlestick: Opening Black Marubozu Construction: white body no lower shadow…
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The problem with doji candles (Part 2)
In the first part of the article, we described what a doji basic candle is and how to find it on the candlestick chart. We focused there on how the definition of a doji candle can be modified/adjusted to gain some flexibility. As a quick reminder, according to the classic definition, a doji candle is…
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