Huntraders | Neutral White candle

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Neutral 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

Neutral White Candlestick reflects the dominance of buyers on the market.

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

Recognition

The body of the candle is white with average size.
The shadows are shorter than the body.

Interpretation

A Neutral White Candlestick is formed when there is a buying pressure on the market. The share price increases all day, the market was dominated by purchases.

Important factors

Neutral White Candlestick consists of a single candlestick. Thus, it has a low reliability. It can both signal a trend’s continuation and reversal. It only reflects the trading of one day. The formation must be interpreted together with other surrounding candles.

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