High Waves Candlestick

high waves candlestick

For a better understanding of this article, you should already know what Japanese Candlesticks are and all their features; for this reason, we suggest you to read this introductory article to Japanese Candlesticks: Japanese Candlestick Chart ( So that you can understand also the Ratings given to the Candlestick Patterns for the “quality” of the signal and for their frequency to “appear” on Charts).

Let’s analyse now the following types of Candle: “High Waves Candlestick”.

High Waves Candlestick

 

high waves candlestick

– They have a short Real Body, with a long Upper Shadow and a long Lower Shadow.

– They can be white or black.

– In the case there is more than one High Wave, one after the other, they show the indecision of the Markets.

– If they occur during an Uptrend, they are a signal of a future consolidation of the prices or the beginning of a Downtrend; whereas if they occur during a Downtrend, they are a signal of a future consolidation of the prices or the beginning of an Uptrend.

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