Registered: Apr 2007
10-15-12 12:27 PM
Quote from themickey:
What is the name of the Japanese candlestick pattern where two adjacent bars have a high and low about the same height to each other. The position of open and close is irrelevent.
Also where the current bar is very slightly higher and lower than the previous bar.
I'm writing a bit of code and just wish to identify the term for this pattern.
Don't know whether these are the proper candlestick terms but #1 is "mirror" bars, #2 is "outside bar" (or "engulfing", either bullish or bearish depending on direction).
Add: on #1, they almost have to be opposite in color because a bar's close is almost always within a tick or 2 of the next bar's open ... hence the mirrors.