Free Forex MQL Training

Shaven Head candle (or shaved head candle) refers to a candle without upper shadow or upper wick (see image).

A bullish shaven head candle is the one that the close of the candle is also the high of the candle. In other words the candle closes on its high.

A bearish shaven bottom candle is the one that the open of the candle is the same as its high. In other words the candle opens on its high.

A shaven head candle could also be a "shaven bottom" candle at the same time.

Discuss this term!