CANDLE STICK PATTERNS
Inverted Hammer: A one day bullish reversal pattern. In
a downtrend, the open is lower, then it trades higher, but closes near its
open, therefore looking like an inverted lollipop.
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| INVERTED HAMMER |
Long Day: A long day represents a large price move from
open to close, where the length of the candle body is long.
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| LONG DAY |
Long-Legged Doji: This candlestick has long upper and
lower shadows with the Doji in the middle of the day's trading range, clearly
reflecting the indecision of traders.
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| LONG-LEGGED DOJI |
Long Shadows: Candlesticks with a long upper shadow and
short lower shadow indicate that buyers dominated during the first part of the
session, bidding prices higher. Conversely, candlesticks with long lower
shadows and short upper shadows indicate that sellers dominated during the
first part of the session, driving prices lower.
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| LONG SHADOWS |
Marubozu: A candlestick with no shadow extending from
the body at either the open, the close or at both. The name means close-cropped
or close-cut in Japanese, though other interpretations refer to it as Bald or
Shaven Head.
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| MARUBOZU |
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