Once you understand this basic concept, you will understand what Candlestick analysis is all about.
The “Classic” Spinning Top is customarily shown with a relatively small Real Body and relatively small Shadows protruding from it, above and below.
Of course, the size of the Real Body, the size of the Shadows, and the relationship of the Real Body to the Shadows varies from price bar to price bar.
Here’s the key: Other than a “Classic” Spinning Top, every inbridual Candlestick price bar is a variation on a “Classic” Spinning Top.
Stop for a moment and think about it. It’s true!
Once you grasp that concept, you will understand what the Candlesticks are all about; and that understanding will remain with you always.
William Kurtz
May 12, 2010
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