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| Shaven Bottom Candle |
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| Written by Al Parsai | |
| Friday, 27 February 2009 | |
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Shaven Bottom candle (or shaved bottom candle) refers to a candle without lower shadow or lower wick (see image).
A bullish shaven bottom candle is the one that the open of the candle is also the low of the candle. In other words the candle opens on its low.
A bearish shaven bottom candle is the one that the close of the candle is the same as its low. In other words the candle closes on its low.
A shaven bottom candle could also be a "shaven head" candle at the same time.
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| Last Updated ( Friday, 27 February 2009 ) |
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