A Japanese Candlestick that forms when open and close prices for that day are virtually equal. The length of the upper and lower shadows, or wick, of a Doji vary so that it may look like a cross, inverted cross or a plus sign. Dojis provide information on their own and also appear as an
The Long Legged Doji Japanese CandleStick looks like a cross, with a long wick above and below the center line that shows where the open and close took place. This candlestick suggests that there is indecision in the market and it may be overbought/oversold.
The bullish Separating Lines formation occurs in an uptrend with a long bodied black candlestick followed by a white candlestick with the same opening price as the first but with no lower wick.
The Ladder Bottom is a five candle bullish reversal formation. The pattern occurs during a downtrend, with the first three candlesticks are black with successive lower opens and close. The fourth day is a black candle with only an upper wick. The fifth day is a white candlestick that opens above the body of the
Brought to you by: CandleStickShop.com Step 1 – Pull up a Weekly chart of the stock. Step 2 – Look for a BULLISH HARAMI resting on MINOR PRICE SUPPORT, and/or a rising Major Moving Average (10 MA, 20 MA, or 50 MA) on the Weekly chart. Step 3 – Pull up a Daily chart of