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Definition: The White Candlestick represents normal buying pressure. Recognition Criteria: 1. The real body of the pattern is white with normal length. White Candlestick shows buying pressure. It shows that prices advanced from open to close during the day and buyers were in control. Important Factors: The White Candlestick is not a reliable pattern like most other
single candlestick patterns. Only one day’s trading is reflected in a
White Candlestick. Hence it has potential to be interpreted as a
continuation pattern as well as a reversal pattern. The neighboring
candlesticks must be taken into account to have a healthier decision if
the trend is continuing or not. |