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SHORT WHITE LINE
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| This candle is
created when the close is greater than the open with a less than
average daily range. The close should be equal or less than the
low and the close should be equal to or greater than the high. |
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Candlestick Signal: Moderate
candle.
Proper action: Look
at pattern, this candle could dorm into a star if gapped above
or below prior candle.
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WHITE SPINNING TOP
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| This candle is
created when the close is greater than the open with a less than
average daily range. The open should be about one third greater
than the low and the close should be about one-third from the
high. |
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Candlestick signal: Uncertain
direction.
Proper action: Look
at pattern, this candle could form into a star if gapped above or
below prior candle.
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WHITE LOWER SHADOW
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| This candle is
created when the close is greater than the open during an average
or large range. The close must be equal to or less than 5% of the
high. The lower shadow must be at least equal to, if not greater
than the length of the body. |
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Candlestick signal: Moderate
candle.
Proper action: Look
at pattern, this candle could form into a star if gapped above or
below prior candle.
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WHITE UPPER SHADOW
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| This candle is
created when the close is greater than the open during a less than
average range. The upper shadow must be at least equal to, if not
greater than the length of the body. |
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Candlestick signal: Moderate
candle.
Proper action: Look
at pattern, this candle could form into a star if gapped above or
below prior candle.
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WHITE UMBRELLA LINE
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| This candle is
created when the close is greater than the open during an average
or large range. The close must be equal to or less than 5% of the
high. The lower shadow must be at least twice the length of the
body. This formation is called a hammer if it occurs at the bottom
of the market or hanging man if it is found at the top. It can be
recognized by the tight opening and closing ranges. |
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Candlestick signal: This
candle is called a hangman or hammer, a strong candle, use if
it’s apart of an advanced pattern.
Proper action: This
candle can issue a buy or sell signal, if you have confirming candle
the following day. Wait for confirmation signal.
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LONG WHITE LINE
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| This candle is
created when the close is greater than the open during a greater
than average range. The close must be near to, but not equal to
the low. |
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Candlestick signal: Ideal
if found in bullish continuation pattern.
Proper action: Excellent
candle if found with engulfing bullish or piercing line advanced
pattern.
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LONG "MARUBUZO"
WHITE LINE
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| This candle is
created when the close is greater than the open during a greater
than average daily range. The close must be equal to the high and
the open must be equal to the low. |
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Candlestick signal: Ideal
if found in bullish continuation pattern. Strongest white line.
Proper action: Excellent
candle if found with engulfing bullish or piercing line.
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LONG "OPENING BUZO"
WHITE LINE
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| This candle is
created when the close is greater than the open during a greater
than average daily range. The close must be near to but not equal
to the high and the open must be equal to the low. |
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Candlestick signal: Ideal
if found in bullish continuation patter.
Proper action: Excellent
candle if found with engulfing bullish or piercing line advanced
pattern.
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LONG "CLOSING BUZO"
WHITE LINE
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| This candle is
created when the close is greater than the open during a greater
than average daily range. The close must be equal to the high and
the open must be near to but not equal to the low. |
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Candlestick signal: Ideal
if found in bullish continuation pattern. Also called a belt hold
line.
Proper action: Excellent
candle if found with engulfing bullish or piercing line advanced
pattern.
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INVERTED WHITE UMBRELLA
LINE
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| This candle is
created when the close is greater than the open during a large
range. The open must be equal to, or more than 5% of the low. The
upper shadow must be at least twice the length of the body. |
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Candlestick signal: This
candle is called a shooting star or inverted hammer, a strong
candle, use if it’s a part of an advanced pattern.
Proper action: This
candle can issue a buy or sell signal if you have a confirming
candle in following day. Wait for confirmation signal.
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