The trend pattern of the "guiding hand" in Candlestick consists of single Candlestick patterns and two Candlestick combination patterns, as follows:
- Single Candlestick Pattern: The body of the candlestick is relatively short, usually a small bullish or small bearish candle, the length of the upper shadow is generally more than twice that of the body, and the lower shadow may or may not exist; if there is a lower shadow, its length is also far shorter than that of the upper shadow.
- Two Candlestick combination patterns: The first Candlestick must meet the characteristics of the aforementioned single Candlestick, that is, a small body, a long upper shadow (at least more than twice the length of the body), and almost no lower shadow. The second Candlestick must be a bullish Candlestick, and the closing price must break through the halfway point of the upper shadow of the first Candlestick.
The Immortal Points the Way pattern generally appears during the mid-lows of a major adjustment phase or in the early to mid-stages of a rally. Investors need to analyze it comprehensively in conjunction with other indicators such as trading volume and market conditions.
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The trend pattern of the "guiding hand" in Candlestick consists of single Candlestick patterns and two Candlestick combination patterns, as follows:
- Single Candlestick Pattern: The body of the candlestick is relatively short, usually a small bullish or small bearish candle, the length of the upper shadow is generally more than twice that of the body, and the lower shadow may or may not exist; if there is a lower shadow, its length is also far shorter than that of the upper shadow.
- Two Candlestick combination patterns: The first Candlestick must meet the characteristics of the aforementioned single Candlestick, that is, a small body, a long upper shadow (at least more than twice the length of the body), and almost no lower shadow. The second Candlestick must be a bullish Candlestick, and the closing price must break through the halfway point of the upper shadow of the first Candlestick.
The Immortal Points the Way pattern generally appears during the mid-lows of a major adjustment phase or in the early to mid-stages of a rally. Investors need to analyze it comprehensively in conjunction with other indicators such as trading volume and market conditions.