Technical Analysis & Chart Patterns
2 terms
Marubozu
Technical Analysis & Chart Patterns
qualitative
A candlestick with no wicks, where the open and close are the period's extremes.
Test: Open equals either the High or the Low, and Close equals the other, so both wicks are zero or negligible
Morning Star
Technical Analysis & Chart Patterns
qualitative
A three-candle formation of a large falling candle, a small-bodied candle, then a large rising candle closing well into the first body.
Test: candle 1 falls strongly; candle 2 has a small body below it; candle 3 rises and closes above the midpoint of candle 1's body