Thursday 12 June 2014

Shaved Candlestick

Shaven Bottom is a candlestick with no lower shadow. Shaven Bottom is a reversal signal with confirmation the next trading bar. 
Shaven Head: 
A shaved Head candlestick is similar to the Hammer Candlestick; with the key distinction being that there's no head on the candle. It consists of a bullish or bearish candlestick with a small body at the candle high, with no head and a long tail. It’s considered a bullish pattern when preceded by a downward trend or when the market is over sold or at a point of support.

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