April 2008
Beginner to intermediate
358 pages
11h 48m
English
Content preview from Candlestick Charting For Dummies®
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The Bullish White Marubozu
The most bullish of patterns is the long white candle. It represents a day during which the bulls controll trading and push prices higher from the opening to the closing. As the price moves up, sellers come in, but not enough to keep the price from continuing its rise. Any time sellers show up during this day, the buyers buy from them, and prices move higher. With the long white candle closing near the high, odds are the bulls aren’t done with their buying and will be back for more on the following day. There just wasn’t enough supply of stock by sellers to keep the buyers from pushing the price up.