1-line Candle Patterns AWS

1-line Candle Patterns

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High

Upper Shadow

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Reversal Patterns are predictive if they occur once the share is trending. These patterns may indicate a flattening, or a complete change of direction.

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Candle Colour Candle Range Candle Body Size Shadow Location Shadow Size Candle Development Candle Location

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Small Bodies after a Significant Move

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$ Candle opens and closes at extremes of price action Long if low volume, Dominant if high relative volume High impact if a shaven candle pushes through support or resistance on heavy volume These are known as shaven or marubozu candles

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Rejection - Bearish Long Upper Tails

Rejection - Bullish Long Lower Tails

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'& Tail is at least two times length of body Gaps increase intensity of signal Either colour, but red is more bearish

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$ % Extremely small real body - ie open & close at same price More important if there are few other Doji on chart Top and Bottom Reversal

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Red or Green This represents a tug of war between bulls and bears Top and Bottom Reversal

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' '* Long lower shadow. No (or very short) upper shadow Confidence is shaken Red or Green, but red is more bearish Top Reversal

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"" Long lower shadow. No (or very short) upper shadow Confidence in share is gaining as it closed above it’s low Red or Green, but red is more bearish Bottom Reversal

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"" Long upper shadow. No (or very short) lower shadow Higher prices have been tested Red or Green Bottom Reversal

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