Long White Candlestick for Profitable Investing and Trades

basic-candlesticks

Glad to have you here at Joyful Dividends! You are reading a blog series on Introduction to Candlesticks. Today, we introduce you to the Long White Candlestick, which may occur as part of a bullish or bearish pattern. If you will like to check out a series of candlesticks for to help you invest profitably, please head over to Basic Candlesticks for a full list! 

Long White Candlestick

long-white-candlestick
Long White Candlestick

Criteria: 

The body of this candlestick is white and long compared to its shadows. Relative to other candles on the chart, the body should be around three times longer than the average body of the last 5 to 10 candles.

Information Conveyed: 

This basic candlestick signifies strong buying pressure where prices advanced during the day significantly. Buyers were aggressive.

Joyful Dividends Explains: 

This candlestick is generally bullish. The candle can be both part of bullish or bearish patterns.

If found in an uptrend that is part of a long and significant rally, it may mean excessive bullishness and that prices are dangerously high. However, if this candle appears to break an important recent price resistance level,  there is a good probability that the uptrend will continue. The higher the volume when the Long White Candle is being formed, the stronger is the buy signal.

If this candle is found in a period of extended decline, it may indicate a potential turning point and suggest that prices have reached a support level. The candle can appear as part of a larger pattern, such as the Bearish Engulfing or Dark Cloud Cover patterns.

Feel free to check out other candlesticks or the short white candlestick to learn more!

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Disclaimer: Joyful Dividends is an independent and free website. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only. We do not receive compensation by any direct or indirect means from visitors and users of this website, and from the stocks, securities, institutions or any underwriters, brokers or dealers associated with the national or international forex, commodity and stock markets. By using Joyful Dividends, you agree that Joyful Dividends, its subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.

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