Huntraders | Bullish Long White candle

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Bullish Long White candle

Using candlestick patterns is the most popular illustration technique today. With their help it is easier to recognise trend reversals and to calculate future price movements. It is essential to understand candlesticks for successful trading.

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Definition

Bullish Long White Candlestick reflects a strong buying pressure on the market.

Trend: Neutral
Expected trend: Bullish
Previous trend: Neutral
Reliability: Low
Type: Neutral
Number: 1

Recognition

Long White Candlestick has a relatively longer body than other candles in the chart.
The length of the shadows is irrelevant.

Interpretation

Bullish Long White Candlestick reflects a strong buying pressure on the market. The share closes above the opening price. Bullish Long White Candlestick appears when there are aggressive buyers on the market. The candle usually forecasts an ascending trend, but its position on the chart can show its real message.

Important factors

Long White Candlestick has a low reliability and consists of a single candle. It only reflects the trading of one day. The formation may signal the continuation of the trend.

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