BULLISH LONG WHITE CANDLESTICK (BLWC)
A white body with upper and lower shadows
Characteristics:
1. The body of the BLWC is relatively long relative to other candlesticks; and
2. The sizes of the upper and lower shadows are not important.
Brief Explanation:
A BLWC indicates that the closing price is further above the opening price. Prices advance significantly from open to close and buyers are aggressive. This stick is a signal indicating strong buying pressure.
Notes:
1. The BLWC is a single stick pattern and it is not reliable
2. It should be seen with other candlesticks for a better judgment of the trend situation.
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