Bullish Long White Candlestick

by · December 31, 2009

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.