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
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 employed by other authors.…
Read more
Black Candle
See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_4585" align="alignright" width="126"] Figure 1. Black Candle (basic candle).[/caption] 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…
Read more
