Candlestick Terminology
Submitted by administrator on Sat, 2006-01-07 21:28.
The following is a list of some individual candlestick terms. It is important to realize that many formations occur within the context of prior candlesticks. What follows is merely a definition of terms, not formations.
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White Candlestick - when the close is higher than the open. |
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Black Candlestick - when the close is lower than the open. |
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Shaven Head - a candlestick with no upper shadow. |
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Shaven Bottom - a candlestick with no lower shadow. |
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Spinning Top - a candlestick with small real bodies, and when appearing within a sideways choppy market, it represents equilibrium between the bulls and the bears. It can be either white or black. |
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Doji - have no real body, but instead have a horizontal line. This represents when the Open and Close are the same or very close. The length of the shadow can vary. |
