Candlesticker

WHITE CANDLESTICK
The chart showing Series 1 series.
WHITE CANDLESTICK
Definition
This candlestick implies normal buying pressure, and shows that prices advanced during the day from open to close and the buyers were in control.
Recognition Criteria
1. The body of the candlestick is white with normal length.
Candlestick Requirements and Flexibility
The white body of the candlestick should be of average length. The shadows’ length is not important.
Trader’s Behavior
This candlestick alone is not reliable enough to decide about bullishness, since it reflects only one day’s trading that was under buyers’ control. It may show the continuation of a trend as well as the reversal. Other neighboring candlesticks must be taken into consideration for a decision regarding market direction.

Disclaimers:

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

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