HIGH WAVE
| Type: | Reversal |
| Relevance: | Indecision |
| Prior Trend: | N/A |
| Reliability: | Medium |
| Confirmation: | Required | | | | | | | |
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Definition:
High Wave is a type of candlestick characterized with either a very long upper or a lower shadow. It has only a short real body. A group of these patterns may signal a market turn.
Recognition Criteria:
1. The real body of the candlestick is small. Its color is not important.
2. Either the upper or the lower shadow, or both shadows are long.
Explanation: The High Wave just like long legged doji shows that there is a great amount of indecision in the market. This pattern is formed when prices trade well above and/or below the day's opening price, but then the price closes almost at the same level as the opening price. It means that the end result is not different from the initial open despite the whole excitement and volatility during the day. The pattern implies a loss of sense of direction and that there is a great amount of indecision in the market. A group of high wave candlesticks signal a possible reversal in the market.
Important Factors:
High Wave is especially important at tops.
High Wave is also a single candlestick pattern. Hence a confirmation is definitely required in the form of an opposite move to the prior trade on the next trading day in order to judge that a reversal may be starting.
Takrif:
Wave tinggi ialah sejenis kaki lilin disifatkan dengan salah satu bayang lebih rendah atau sangat panjang atas. Ia hanya mempunyai satu jasad sebenar pendek. Sekumpulan corak-corak ini boleh memberi isyarat giliran pasaran.
Penjelasan:High Wave seperti berkaki panjang doji menunjukkan bahawa terdapat satu jumlah yang besar tidak dapat membuat keputusan dalam pasaran itu. Corak ini ditubuhkan apabila harga bertukar-tukar lebih daripada dan / atau di bawah harga pembukaan hari, tetapi harga tutup hampir pada setingkat sebagai harga pembukaan. Ia bererti itu hasil itu bukan berbeza dengan permulaan terbuka walaupun keghairahan keseluruhan dan kemeruapan sebelah siang. Corak menandakan satu kerugian rasa arah dan bahawa terdapat satu jumlah yang besar tidak dapat membuat keputusan dalam pasaran itu. Sekumpulan kaki lilin gelombang tinggi memberi isyarat satu kebalikan munasabah dalam pasaran itu.Faktor Penting:Wave tinggi terutamanya penting pada teratas.Wave tinggi juga satu tunggal corak kaki lilin. Maka satu pengesahan pasti ada dikehendaki dalam borang itu satu bertentangan langkah bagi perdagangan sebelumnya pada itu hari perdagangan berikutnya supaya mengadili satu kebalikan itu boleh jadi bermula.