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…
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Blending candlesticks
In this short article we would like to introduce the notion of blending candlesticks, which will subsequently be followed-up by further detailed articles. We can ‘blend’ different adjacent candlesticks to form a single candlestick, thus summarising the outcome over several periods in one candle. We can blend candles of similar frequency over any time scales…
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Basic Candles
See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [frame width="370"] [embed]http://youtu.be/vr9p-f4mvPg[/embed] [/frame] Given the requirement for information on four prices, OHLC, in order to construct a candle, the resulting candle shapes can take on a variety of forms. The body may be very long or very short,…
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