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Tuesday, March 20, 2007 11:49:59 AM
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Today a White Opening Marubozu was formed. This shows that the day opened and then the prices continued to go up all day long without coming below the opening level thus forming a long white body, however prices did not close at the high of the day and thus they created an upper shadow.
For more about this candlestick click here.
Bullish Belt Hold Pattern. This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is low and it definitely requires confirmation.
For more about this pattern click here.
The last two candlesticks formed a Bullish Piercing Line Pattern . This is a bullish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.
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