Dash Shaped Candles

Discussion in 'Technical Analysis' started by cowcool, May 25, 2009.

  1. cowcool

    cowcool

    I sometimes see dash shaped candles (see the attachment).

    I am kind of confused because I never saw candles like this in books.

    What's the psychology?


    Thx
     
    • dash.jpg
      File size:
      154.9 KB
      Views:
      120
  2. Surdo

    Surdo

    No range during that time period, not an earth shattering event mate!

    Lackluster volume perhaps something to do with USD and GBP holiday on Monday?
     
  3. Redneck

    Redneck

    What Surdo said… and I would like to to add


    Buyers (Longs) and Sellers (Shorts) at an impasse – neither in control, nor willing to relinquish


    At times you see this on stocks trading 10’s / 100’s of millions of share as well


    Good time to stand aside and observe

    RN