Abbreviation:
Category: Candlestick Line
Input Parameters:
Name | Range | Default |
Opening Price | Open | |
High Price | High | |
Low Price | Low | |
Closing Price | Close | |
Calculation:
= Long White Day 1 bar ago AND Short Body AND Body Gap Up
Discussion:
Generally considered to be a candlestick indicating indecision in the market and possible reversal.
For more details, refer to pages 16-17 of the book, CandlePower, by Gregory L. Morris (Chicago, IL, Probus Publishing Company, 1992, ISBN 1-55738-458-4). Note that CandlePower may no longer be in print and has been replaced by the book Candlestick Charting Explained : Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris (ISBN 1-55738-891-1).