How to Make Money Trading with Candlestick Charts

Opening Morubozu
As you can see, they do not have a shadow
attached to their opening price end of the
body. The white candle denotes that bulls

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took control right from the start while the
black candle suggests that the bears
dominated right from the open.

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Closing Morubozu
As can be seen from 
Figure 2.6
, the Closing
Morubozu does not have a tail attached to the
closing price end of the body.
Figure 2.6:
Closing Morubozu
The white candle implies that the bulls took

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over control during the day and ended the
day strong. On the other hand, the black
candle suggests that the bears took over
during the day and forced the price to close
at the lowest level of the day.

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Doji
The Doji is one of the most important
candlestick formations. 
Chapter 3
will
discuss this signal in detail. For now, we
will define the Doji as a candle where the
opening and closing prices are the same.
Figure 2.7
shows a Doji candle.
Figure 2.7:
Doji

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Please note that given how candlesticks
are constructed, it is very much possible to
have a dark candle even when the price
closes higher compared to the previous
day. Similarly, you can have a white candle
form even if prices close down for the day.
Each candle is independent of the previous
day’s candle. This is a very important
point and you need to make sure you