WHITE CANDLESTICK
Definition
This candlestick indicates normal buying pressure, demonstrating that prices advanced from open to close throughout the day, with buyers maintaining control.
Recognition Criteria
1. The candlestick has a white body of normal length.
Candlestick Requirements and Flexibility
The candlestick’s white body should be of average length, with the lengths of the shadows being inconsequential.
Trader’s Behavior
This candlestick alone is insufficient to determine bullishness, as it reflects only one day of trading under buyers’ control. It could indicate either the continuation of a trend or a reversal. For a well-informed decision regarding market direction, it is essential to consider adjacent candlesticks.