The Long White Candlestick is a signal indicating strong buying pressure.

Recognition Criteria:

1. The real body of the Long White Candlestick has a relatively longer length relative to other candlesticks on the chart.
2. The sizes of the upper and lower shadows are not important.

Long White Candlesticks show strong buying pressure. A longer white candlestick is indicative of the fact that the closing price is further above the opening price. The Long White Candlestick shows that the prices advanced significantly from open to close during the day under strong buying pressure and buyers were aggressive. The Long White Candlestick is generally a bullish pattern, however its position within the broader technical picture is also important. For example; Long White Candlesticks may show a potential turning point or they may show that prices have reached to a support level if they are seen after an extended decline. If a Long White Candlestick is seen after a long and significant rally, it can point out to excessive bullishness in the market that says that prices are at dangerously high levels.

Important Factors:

The Long White Candlestick is a single candlestick pattern and it is not reliable as such. It reflects only one day's trading. It may show continuation of a trend as well as a possible reversal. Adjacent candlesticks must be taken into consideration for a healthier decision regarding the status of the trend.