Abbreviation:
Category: Candlestick Bullish Reversal
Input Parameters:
Name | Range | Default |
Opening Price | Open | |
High Price | High | |
Low Price | Low | |
Closing Price | Close | |
Calculation:
= Black Marubozu 1 bar ago AND White Marubozu AND Body Gap Up
Discussion:
Very strong indication of a reversal from a bearish trend to a bullish trend.
For more details, refer to pages 129-131 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 Note that CandlePower may no longer be in print and has been replaced by the book Candlestick Charting Explained : Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris (ISBN 1-55738-891-1).