See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_4591" align="alignright" width="126"] Figure 1. Dragonfly Doji (basic candle).[/caption] Japanese name: taketombo Forecast: lack of determination Trend prior to the pattern: n/a Opposite candlestick: Gravestone Doji Construction: Opening, closing and maximum prices are the same or very similar…
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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…
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Backtesting Part 2
In this blog article we look we look at how easy it is to set-up the conditions in CandleScanner in order to perform a backtest. First we need to customize the settings for the backtest, defining the entry and exit conditions. For the sake of illustration we assume the default entry and exit settings (found…
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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…
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