Long White candlestick or White Marubozu
Morning Star or Bullish Abandoned Baby (R)
Piercing Pattern (R) ...
Long white candlesticks show strong buying pressure. The longer the white candlestick, the further the close is above the open. This indicates that prices increased considerably from open to close and buyers were aggressive.
A long white candlestick is formed on the 1st day and a gap up is created on the 2nd day. This is encouraging to the bulls. However, the 2nd day closes below the midpoint of the 1st day. Longs quickly question their strategy.
When you see a long white candlestick or a Marubozu, it would indicate that the day closed with buyers in control and aggressive buying. It might also be safe to assume that this buying would continue into the next day.
candlestick (eg. a long white candlestick
would confirm a reversal up).
Engulfing Bearish Line ...
This candlestick pattern is characterized by an uptrend in the market and it consists of three adjacent long white candlesticks followed by a long black candlestick. In order to qualify for this pattern three conditions must be met.
The pattern appears during an uptrend, which is further confirmed by the first long white candlestick. Prices open with a gap next day and they trade within a narrow range closing at a slightly lower level.
A spinning top following the long uptrend (represented by a long white candlestick) may be the sign of the bulls' weakness and possible inversion or interruption of the trend.
The first candlestick in the Dark Cloud cover is a long white candlestick involved following an upward trend.
This is a two period pattern where a long white candlestick is followed by a black candle. The black candlestick opens higher than the close of the initial candle and penetrates 50% or more of its body. This is a bearish reversal pattern.
A reversal signal confirmed by the next candlestick (eg. a long white candlestick would confirm a reversal up).
Candlestick Patterns - An Overview page 13 of 41
Daytrader's Bulletin - S&P 500 and Nasdaq Futures ...
Interpretation: A reversal signal confirmed by the next candlestick (eg. a long white candlestick would confirm a reversal up).
Engulfing Bearish Line Pattern:
A small white body followed by and contained within a large black body.
This pattern composes of "a second day long white candlestick that opens lower and closes higher than the preceding small black body." ...
In candlestick charting, a pattern where a black candlestick follows a long white candlestick. It can be an indication of a future bearish trend.
Death Cross ...
Bullish Engulfing Pattern (Bullish Tsutsumi) Reliability Rating: Moderate This pattern composes of "a second day long white candlestick that opens lower and closes higher than the preceding small ...
The cloud cover pattern, on the other hand, is a bearish indicator for similar reasons and is formed by a long white candlestick followed by a long black one that closes over halfway below the first candlestick.
 See also: Pattern, Candle, Long, Candlestick, Black
  
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