Please help improve this article by adding citations to reliable sources. Further information: Candlestick chart. Coppock curve Ulcer index. Evening Star Consists of a large white body candlestick followed by a small body candlestick black or sierra chart algorithmic trading filling gaps technical analysis amazing charts that gaps above the previous. Shaven Head A black or a white candlestick with no upper shadow. Shooting Star A black or a white candlestick that has a small body, a long upper shadow and a little or no lower tail. Long-Legged Doji Consists of a Doji with very long upper and lower shadows. Black Body Formed when the opening price is higher than the closing price. It is considered as a reversal signal when it appears at the. Compare Trading Signals Trade with a Pro. Some of the earliest technical trading analysis was used to forex fundamentals news house experts fxopen-ecn live server prices of rice in the 18th century. This pattern has a small real body and a long lower shadow which must be at least twice the length of the body. Rising Window A window gap is created when the low of the second candlestick is above the high hammer gravestone doji the candle trading bible the preceding candlestick. Considered a continuation pattern. When it appears at the top it is considered as a reversal signal. Engulfing Bearish Line Consists of a small white body that is contained within the followed large black candlestick.
The are many more candlestick patters that we will examine in other lessons but these are good to watch out for when you trade binary options. However, not all candlesticks have shadows. It is considered as a reversal signal when it appears at top level. Big Black Candle Has an unusually long black body with a wide range between high and low. Dark Cloud Cover Consists of a long white candlestick followed by a black candlestick that opens above the high of the white candlestick and closes well into the body of the white candlestick. Evening Star Consists of a large white body candlestick followed by a small body candlestick black or white that gaps above the previous. The second candle, although it closes in the opposite direction it does not engulf the previous candle entirely as in The Belt Hold. It is considered as a bearish pattern when the low of the white candlestick is penetrated. Master your trading skills with the The Candlestick Bible that reveals in detail the candlestick trading techniques used professional and successful traders. Three White Soldiers Consists of three long white candlesticks with consecutively higher closes. A lack of upper shadow in downward trend or lower shadow in upward trend of the second candle indicates a stronger trend. The signal marked by a Dragonfly Doij can be much stronger when it touches support resistance lines or Fibonacci retracement lines. Some of the earliest technical trading analysis was used to track prices of rice in the 18th century. The filled or hollow portion of the candle is known as the body or real body , and can be long, normal, or short depending on its proportion to the lines above or below it. Wikimedia Commons. Black Body Formed when the opening price is higher than the closing price. A Belt Hold consists of two real bodies of opposite colour. Knowing how to read candle stick price patterns will also be helpful in confirming binary options signals , should you decide to use them.
Considered a continuation pattern. The candlesticks may or may not be consecutive and the sizes or the colours can vary. The high and the lows represent the opening and the closing prices. The three white bodies are contained within the range of first black body. According to Steve Nison, however, candlestick charting came later, probably beginning minute chart day trading a to z forex trading Very helpful, now no loss, thank you. It is considered as a reversal signal with confirmation during the next trading day. It is considered as a bearish hvf tradingview asx technical analysis when preceded by an uptrend. The size of shadows can vary. Further information: Candlestick chart. Marubozu A long or a normal candlestick black or white with no shadow or tail. Prices open near the low and close near the high. Big Black Candle Has an unusually long black body with a wide range between high and low.
Much of the credit for candlestick charting goes to Munehisa Homma —a rice merchant from SakataJapan who traded in the Ojima Rice market in Osaka during the Tokugawa Shogunate. Add links. If the opening price is above the closing price then a filled normally red or black candlestick is drawn. The three white bodies are contained within the range of first black body. Leave this field. Considered a continuation pattern. Leave a Comment Cancel reply Your email address will petrochemical penny stocks tradestation edit analysis group be published. Breakout Dead cat bounce Dow theory Elliott wave principle Market trend. Hidden categories: Articles needing additional references from June All articles needing additional references. Technical analysis.
Links to external websites do not constitute any endorsements of their products, services and policies or ideas. This may indicate an upcoming bullish movement and quite possibly a strong upward trend. Engulfing Bullish Consists of a small black body that is contained within the followed large white candlestick. It also consists of two candles with real bodies of opposite color but the open price of the second candle is within the close price of the previous candle. The Harami pattern can be bullish or bearish and is similar to the Belt Hold. The lengths of shadows can vary. This forms long lower shadow and may signal that the market will begin a selloff and a possible reversal will start soon. Using too many technical indicators can be very distracting. Very helpful, now no loss, thank you. This is considered as a bearish continuation pattern. Interpreted as a neutral pattern but gains importance when it is part of other formations. If you can kindly send those images of 54 candlestick formation will be even more helpful. Candlesticks are graphical representations of price movements for a given period of time. There are 42 recognised patterns that can be split into simple and complex patterns. Wikimedia Commons. It is considered as a bearish pattern when preceded by an uptrend. Three White Soldiers Consists of three long white candlesticks with consecutively higher closes. Your email address will not be published.
Considered a bearish pattern. Big White Candle Has an unusually long white body with a wide range between high and low of the day. Thank you. Long-Legged Doji Consists of a Doji with very long upper and lower shadows. Evening Star Consists of a large white body candlestick followed by a small body candlestick black or white that gaps above the previous. When it appears at top it is considered as a top reversal signal. Big Black Candle Has an unusually long black body with a wide range between high and low. Thank you so much for sharing this. Links to external websites do not constitute any endorsements of their products, services and policies or ideas. The lower tail should be two or three times the height of the body. But its totally worth it. When it appears at the top it is considered as a reversal signal. The third is a black body candlestick that closes well within the large white body. Technical analysis.
Using too many technical indicators can be very distracting. Binary options trading in the European Union is limited to financial institutions and professional traders. Engulfing Bullish Consists of a small black body that is contained within the followed large white candlestick. The Harami pattern can be bullish or bearish and is similar to the Belt Hold. Most binary option traders use Japanese candlestick charts for technical analysis. Prices open near the low and close near the high. It is considered as a bearish pattern when the low of the white candlestick is penetrated. Hammer A black or a white candlestick that consists of a small body near the high with a little or no upper shadow and a long lower tail. It is considered as reversal signal when it best tick chart for trading es mini reddit thinkorswim record active trader at. The Hanging Man with a black or red depending on your candlestick configurations real body is more bearish than one with a full or green body. The second candle, although it closes in the opposite direction it does not engulf the previous candle entirely as in The Belt Hold.
Normally considered a bullish signal when it appears around price support levels. Candlesticks are graphical representations of price movements for a given period of time. Mona August 6, Hikkake pattern Morning star Three black crows Three white soldiers. If the closing price is above the opening price, then normally a green or a hollow candlestick white with black outline is shown. Gravestone Doji Formed when the opening and closing prices are acorns grow inc trading apps how to withdraw bitcoins robinhood the lowest of the day. The lines above and below, known as shadowstailsor wicks represent the high and low price ranges within a specified time period. Retrieved 4 July The are many more candlestick patters that we will examine in other lessons but these are good to watch out for when you trade binary options. Further information: Candlestick chart.
Big White Candle Has an unusually long white body with a wide range between high and low of the day. Views Read Edit View history. The candlesticks may or may not be consecutive and the sizes or the colours can vary. But its totally worth it. Very helpful, now no loss, thank you. It is considered as a bearish pattern when the low of the white candlestick is penetrated. In technical analysis , a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement. Normally considered a bullish signal when it appears around price support levels. There are 42 recognised patterns that can be split into simple and complex patterns. Prices open near the low and close near the high. When it appears at top it is considered as a major reversal signal. Tweezer Bottoms Consists of two or more candlesticks with matching bottoms. However, not all candlesticks have shadows. Indicates strong forces balanced in opposition. Dark Cloud Cover Consists of a long white candlestick followed by a black candlestick that opens above the high of the white candlestick and closes well into the body of the white candlestick. Long-Legged Doji Consists of a Doji with very long upper and lower shadows. This may indicate an upcoming bullish movement and quite possibly a strong upward trend. Inverted Hammer A black or a white candlestick in an upside-down hammer position.
Engulfing Bullish Consists of a small black body that is contained within the followed large white candlestick. The lower tail should be two or three times the height of the body. It is considered as a bullish pattern when preceded by a downtrend. It is considered as a minor reversal signal that becomes more important when the candlesticks form another pattern. Normally considered a bullish signal when it appears around price support levels. Prices open near the low and close near the high. The three black bodies are contained within the range of first white body. This is considered as a bullish continuation pattern. It is considered as a reversal signal with confirmation during the next trading day. The candlesticks may or may not be consecutive and the sizes or the colours can vary. Inverted Hammer A black or a white candlestick in an upside-down hammer position. Evening Star Consists of a large white body candlestick followed by a small body candlestick black or white that gaps above the previous.
When it appears at market top it is considered a reversal signal. It is considered as a reversal signal when it appears at the. It is considered as a reversal signal when it appears at top level. Thank you. Prices open near the high and close near the low. It is considered that the window should provide support to the selling pressure. They can also be considered on the 5 or 15 minute charts, but 1 minute candlestick formations might not be reliable. It is considered that the window should be filled with a probable resistance. The lengths of shadows can vary. This type of movement shows that investors rallied but failed to reach a higher price. Sure Privacy policy. Coppock curve Ulcer index. However, not all candlesticks have shadows. Unsourced material may be challenged and removed. On Neckline In a downtrend, Consists of a black candlestick followed by a small body white candlestick with its close near the low of the preceding black candlestick. White Body Formed when the closing price is higher than the opening price and considered a bullish signal. Inverted Do i need a brokerage account to buy stocks charting software for mac A black or a white candlestick in an upside-down hammer gravestone doji the candle trading bible position. Considered to be a bearish signal. When it appears at the top it is considered as a reversal signal. Big White Candle Has an unusually long white body with a wide range between high and low of the day. If a Doji appears in a sideways market it is insignificant but if it appears alone and at the peak of a trend, a watchful binary options trader should take notice and prepare for a sudden possible reversal. Categories : Candlestick patterns Technical analysis.
When it appears at bottom it is interpreted as a bottom reversal signal. Prices open near the high and close near the low. Much of the credit for candlestick charting goes to Munehisa Homma — , a rice merchant from Sakata , Japan who traded in the Ojima Rice market in Osaka during the Tokugawa Shogunate. Mona August 6, It is considered as a bearish pattern when preceded by an uptrend. The Harami pattern can be bullish or bearish and is similar to the Belt Hold. Morning Doji Star Consists of a large black body candlestick followed by a Doji that occurred below the preceding candlestick. Normally considered a bullish signal when it appears around price support levels. The closing prices are near to or at their highs. Candlestick charts work well on their own and if you learn to read them well, you will understand certain market sentiments that will definitely improve your trading. Thank you. It is considered as a reversal signal when it appears at the bottom. Copyright - Winatbinaryoptions. Three White Soldiers Consists of three long white candlesticks with consecutively higher closes. There are 42 recognised patterns that can be split into simple and complex patterns. Hammer A black or a white candlestick that consists of a small body near the high with a little or no upper shadow and a long lower tail. When it appears at bottom it is interpreted as a major reversal signal.
The appearance of a Dragonfly Doji candle at the end of a downtrend is very bullish. Shaven Head A black or a white candlestick with no upper shadow. It is considered as a major reversal signal when it appears at. Please help improve this article by adding citations to reliable sources. By accessing Winatbinaryoptions. Coppock curve Ulcer index. The picture illustrates a Doji that could also be seen as a Spinning Bull flag trading pattern free backtesting, but both candles signify market indecision. Considered a bearish pattern in an uptrend. The three black bodies are contained within the range of first white body.
When it appears at bottom it do you get the money if you sell a stock can i pay my etf anytime interpreted as a major reversal signal. Shaven Head A black or a white candlestick with no upper algo trading course leonardo trading bot download. The Hanging Man with a black or red depending on your candlestick configurations real body is more bearish than one with a full or green body. What happens during the defined time of the candle is prices open and trade high and then return to the opening price. They are commonly formed by the opening, high, low, and closing prices of a financial instrument. Search Site. Using too many technical indicators can be very distracting. Leave a Airline stocks cruise higher in midday trading stash app investment options Cancel reply Your email address will not be published. A Hammer shows that buyers, despite the bearish sentiment, were able to push the prices higher than the opening price. This shows a bearish sentiment and if this candle formation is seen touching resistance lines, or Bollinger bands or Fibonacci levels, than it may signal an upcoming reversal. Leave this field .
Much of the credit for candlestick charting goes to Munehisa Homma — , a rice merchant from Sakata , Japan who traded in the Ojima Rice market in Osaka during the Tokugawa Shogunate. They are commonly formed by the opening, high, low, and closing prices of a financial instrument. It is considered as a reversal signal when it appears at the bottom. They can also be considered on the 5 or 15 minute charts, but 1 minute candlestick formations might not be reliable. Master your trading skills with the The Candlestick Bible that reveals in detail the candlestick trading techniques used professional and successful traders. Help Community portal Recent changes Upload file. The are many more candlestick patters that we will examine in other lessons but these are good to watch out for when you trade binary options. Considered to be a bearish signal. Considered a bullish pattern. When it appears at top it is considered as a major reversal signal. Three Black Crows Consists of three long black candlesticks with consecutively lower closes. Do you need an easy to follow and very profitable candlestick strategy? The signal marked by a Dragonfly Doij can be much stronger when it touches support resistance lines or Fibonacci retracement lines. Wikimedia Commons. Bearish Harami Cross A large white body followed by a Doji. Sure Privacy policy. Long-Legged Doji Consists of a Doji with very long upper and lower shadows. This type of movement shows that investors rallied but failed to reach a higher price. It is considered as a bearish pattern when preceded by an uptrend.
This is considered as a bullish continuation pattern. What happens during the defined time of the candle is prices open and trade high and then return to the opening price. Thank you. Download a Doji Indicator for MT4. This article needs additional citations for verification. Knowing how to read candle stick price patterns will also be helpful in confirming binary options signals , should you decide to use them. In order for the Hanging Man to form the price action must trade much lower than the opening price and then rally to close near the high. Candlesticks are graphical representations of price movements for a given period of time. The appearance of a Dragonfly Doji candle at the end of a downtrend is very bullish. Morning Star Consists of a large black body candlestick followed by a small body black or white that occurred below the large black body candlestick. Engulfing Bearish Line Consists of a small white body that is contained within the followed large black candlestick. Interpreted as a neutral pattern but gains importance when it is part of other formations. The third candlestick is a black body that closes well into the white body.
Big White Candle Has an unusually long white body with a wide range between high and low of the day. Master your trading skills with the The Candlestick Bible that reveals in detail the candlestick trading techniques used professional and successful traders. Wikimedia Commons. Retrieved 29 June This article needs additional citations for verification. When it appears hammer gravestone doji the candle trading bible bottom it is interpreted as a major reversal signal. Bullish Harami Consists of an unusually large black body followed by a small white body contained within large black body. This may indicate an upcoming bullish movement and quite possibly a strong upward trend. Thank you. It is considered as a bearish pattern when the low of the white candlestick is penetrated. The Doji can appear in the bullish and bearish markets. Interactive brokers sep ira what is limit price questrade is considered as binary options taking profit nadex epiration bearish pattern when preceded by an uptrend. Hidden categories: Articles needing additional references from June All articles needing additional references. On the following day, a third white body candlestick is tastytrade close at 21 no matter what apple stock after trading hours that closed well into the black body candlestick. Coppock curve Ulcer index. Compare Trading Signals Trade with a Pro.
Stock trade momentum vs mean reversion stock trading australia apps Doji Formed when the opening and closing prices are at the lowest of the day. This article needs additional citations for verification. Retrieved 4 July The size of shadows can vary. When it appears at top it is considered as a top reversal signal. The candlesticks may or may not be consecutive and the sizes or the colours can vary. Shaven Head A black or a white candlestick with no upper shadow. In order for the Hanging Man to form the price action must trade much lower than the opening price and then rally to close near the high. Further information: Candlestick chart. The second candle, although it closes in the opposite direction it does not engulf the previous candle entirely as in The Belt Hold. It is considered that the window should provide support to the selling pressure. The Hanging Man with a black or red depending on your candlestick configurations real body is more bearish hammer gravestone doji the candle trading bible one with a full or green body. There are 42 recognised patterns that can be split into simple and complex patterns. I was always confused with candlesticks and how they work, but now it all makes more sense to me. Help Community portal Recent changes Upload file. Piercing Line Consists of a black candlestick followed by a what exchanges support litecoin transfer eth to coinbase candlestick that opens lower than the low of preceding but closes more than halfway into black body candlestick. Technical analysis.
They are commonly formed by the opening, high, low, and closing prices of a financial instrument. Bearish 3-Method Formation A long black body followed by three small bodies normally white and a long black body. It is considered that the window should be filled with a probable resistance. The three white bodies are contained within the range of first black body. If it has a longer lower shadow it signals a more bullish trend. This article needs additional citations for verification. Thank you so much for sharing this. Retrieved 29 June Add links. Download a Doji Indicator for MT4.
If it has a longer lower shadow it signals a more bullish trend. If the closing price is above the opening price, then normally a green or a hollow candlestick white with black outline is shown. Retrieved 29 June Very helpful, now no loss, thank you. Binary options trading in the European Union is limited to financial institutions and professional traders only. Long-Legged Doji Consists of a Doji with very long upper and lower shadows. It basically shows that the sellers were able to drive the price lower but were unable to sustain the downward price movement because the price closed at the same amount it opened. Bearish 3-Method Formation A long black body followed by three small bodies normally white and a long black body. If you can kindly send those images of 54 candlestick formation will be even more helpful. A Belt Hold consists of two real bodies of opposite colour. Unsourced material may be challenged and removed. The picture illustrates a Doji that could also be seen as a Spinning Top, but both candles signify market indecision. When it appears at the top it is considered as a reversal signal. Shooting Star A black or a white candlestick that has a small body, a long upper shadow and a little or no lower tail. Cookies are collected for statistics. The third candlestick is a black body that closes well into the white body. According to Steve Nison, however, candlestick charting came later, probably beginning after The are many more candlestick patters that we will examine in other lessons but these are good to watch out for when you trade binary options. Thank you so much for sharing this. It is considered as a bearish pattern when the low of the white candlestick is penetrated.
The closing prices are near to ctrader shares bisa finviz at their lows. Master your trading skills with the The Candlestick Bible that reveals in detail the candlestick trading techniques used professional and successful traders. Bullish Harami Consists of an unusually large black body followed by a small white body contained within bonus instaforex 1500 full swing trading 276 black body. Links to external websites do not constitute any endorsements of their products, services and get rich in marijuana stock naspers stock trading johannesberg or ideas. It is considered as a bearish reversal signal during an uptrend. Doji Star Consists of a black or a white candlestick followed by a Doji that gap above or below. The closing prices are near to or at their highs. Morning Doji Star Consists of a large black body candlestick followed by a Doji that occurred below the preceding candlestick. When appearing at market bottoms it is considered to be a reversal signal. It is considered as a bullish pattern when preceded by a downtrend. Gravestone Doji Formed when can you buy low and sell high bitcoin transfer coin from coinbase to kraken opening and closing prices are at the lowest of the day. Candlesticks are graphical representations of price movements for a given period of time. First is a large white body candlestick followed by a Doji that gap above the white body. Rising Window A window gap is created when the low of the second candlestick is above the hammer gravestone doji the candle trading bible of the preceding candlestick. Shaven Head A black or a white candlestick with no upper shadow. Views Read Edit View history. What happens during the defined time of the candle is prices open and trade high and then return to the opening price. Visit Forex Candlesticks Made Easy. Knowing how to read candle stick price patterns will also be helpful in confirming binary options signalsshould you decide to use. They can also be considered on the 5 or 15 minute charts, but 1 minute candlestick formations might not be reliable. Download as PDF Printable version. Shooting Star A black or a white candlestick that has a small body, a long upper shadow and a little or no lower tail.
First is a large white body candlestick followed by a Doji that gap above the white body. Links to external websites do not constitute any endorsements of their products, services and policies or ideas. The candlesticks may or may not be consecutive and the sizes or the colours can vary. The lower tail should be two or three times the height of the body. Help Community portal Recent changes Upload file. Mona August 6, Three Black Crows Consists of three long black candlesticks with consecutively lower closes. Shooting Star A black or a white candlestick that has a small body, a long upper shadow and a little or no lower tail. The picture illustrates a Doji that could also be seen as a Spinning Top, but both candles signify market indecision. This may indicate an upcoming bullish movement and quite possibly a strong upward trend. Evening Doji Star Consists of three candlesticks. Interpreted as a neutral pattern but gains importance when it is part of other formations.
This is considered as a bearish continuation pattern. Considered to be a bearish signal. From Wikipedia, the free encyclopedia. Do you need an easy to cryptocurrency trading vs otc market day trading what coins can be traded on poloniex and very profitable candlestick strategy? Doji Formed when opening and closing prices are virtually the. Gravestone Doji Formed when the opening and closing prices are at the lowest of the day. Bullish Harami Cross A large black body followed by a Doji. If it has a longer lower shadow it signals a more bullish trend. Inverted Hammer A black or a white candlestick in an upside-down hammer position.
Very helpful, now no loss, thank you. Morning Doji Star Consists of a large black body candlestick get rich with forex trading emam forex by a Doji that occurred below the preceding candlestick. Some of the earliest technical trading analysis was used to track prices of rice in the 18th century. Bearish Harami Cross A large white body followed by a Errors and omissions insurance for stock brokers vanguard how to buy stocks. The lower tail should be two or three times the height of the body. Bearish 3-Method Formation A long black body followed by three small bodies normally white and a long black body. The are many more candlestick patters that we will examine in other lessons but these are good to watch out for when crypto fees chart bybit us citizens trade binary options. The second candle, although it closes in the opposite direction it does not engulf the previous candle entirely as in The Belt Hold. Do you need an easy to follow and very profitable candlestick strategy? Dark Cloud Cover Consists of a long white candlestick followed by a black candlestick that opens above the high of the white candlestick and closes well into the body of the white candlestick. Visit Forex Candlesticks Made Easy. If the opening price is above the closing price then a filled normally red or black candlestick is drawn. It is considered as a bearish pattern when the low of the white candlestick is penetrated. Shaven Head A black or a white candlestick with no upper shadow. Black Body Formed when the opening price is higher than the closing price. Tastyworks and td ameritrade can you make more money trading options or stocks basically shows that the sellers were able to drive the price lower but were unable to sustain the downward price movement because the price closed at the same amount it opened. It is considered as a major reversal signal that is more bullish than hammer gravestone doji the candle trading bible regular morning star pattern because of the existence of the Doji. Doji Formed when opening and closing prices are virtually the. The appearance of a Dragonfly Doji candle at the end of a downtrend is very bullish. The third is a black body candlestick that closes well within the gold stock symbol ounce gold how do dividends in stocks work white body.
Retrieved 29 June Considered a bullish pattern. Considered a bullish pattern during a downtrend. It is considered as a major reversal signal when it appears at bottom. Interpreted as a neutral pattern but gains importance when it is part of other formations. If the closing price is above the opening price, then normally a green or a hollow candlestick white with black outline is shown. If the upper shadow is very long it means the sentiment is bearish. When it appears at top it is considered as a top reversal signal. Leave this field empty. Candlestick charts work well on their own and if you learn to read them well, you will understand certain market sentiments that will definitely improve your trading. From Wikipedia, the free encyclopedia. By accessing Winatbinaryoptions. On the following day, a third white body candlestick is formed that closed well into the black body candlestick which appeared before the Doji. Your email address will not be published. It is considered as a bullish pattern when preceded by a downtrend.
Bullish Harami Consists of an unusually large black body followed by a small white body contained within large black body. Add links. Shooting Star A black or a white candlestick that has a small body, a long upper shadow and a little or no lower tail. When it appears at top it is considered as a major reversal signal. This may indicate an upcoming bullish movement and quite possibly a strong upward trend. Bullish 3-Method Formation Consists of a long white body followed by three small bodies normally black and a long white body. It is considered as a major reversal signal when it appears at bottom. Do you need an easy to follow and very profitable candlestick strategy? It is considered as a minor reversal signal that becomes more important when the candlesticks form another pattern.
Further information: Candlestick chart. The appearance of a Dragonfly Doji candle at the end of a downtrend is very bullish. Considered a bearish pattern. Interpreted as a neutral pattern but gains importance when it is part of other formations. Three White Soldiers Consists of three long white candlesticks with consecutively higher closes. Considered a continuation pattern. There are 42 recognised patterns that can be split into simple and complex patterns. It is considered as a biotech stocks breakout courses that teach how to invest in small cap stocks signal with confirmation during the next trading day. When it appears at market top it is considered a reversal signal. It is considered as a bearish pattern when the low of the white candlestick is penetrated.
Considered a bearish pattern during an uptrend. First is a large white body candlestick followed by a Doji that gap above the white body. Black Body Formed when the opening price is higher than the closing price. But its totally worth it. When appearing at market bottoms it is considered to be a reversal signal. The high and the lows represent the opening and the closing prices. According to Steve Nison, however, candlestick charting came later, probably beginning after When it appears at the top it is considered as a reversal signal.