The long-legged doji is a candlestick that consists of long upper and lower shadows and has approximately the same opening and closing
The white opening marubozu is a single candlestick pattern with a long white body, an upper shadow and the lack of lower shadow. The day opens and prices rise above the opening price.
What is a Dragonfly Doji Candlestick? Dragonfly Doji is a type of candlestick where the open close and high price are same or very very close to each other. There is always a long tail associated with Dragonfly Doji candle and hence the name. Underlying Psychology of the Dragonfly Doji This means that, there wereContinue reading “Dragonfly Doji Candlestick Definition and Tactics”
A Black Opening Marubozu indicates that the sellers controlled the price action from the first trade to the last trade. The day opens and prices continue to go …
We might not believe it but Candlesticks have been around a lot longer than anything similar in the world. The Japanese were using charts in the 17th century to trade rice, whereas the people stated using charts for trading in US only around late 19th Century. Most of the credit for candlestick development andContinue reading “Introduction to Candlesticks”