Suggests powerful upward momentum with little selling pressure.
The advantages of using Heikin Ashi candle patterns include: heikin ashi candle patterns
| Signal | What you see | Action | | :--- | :--- | :--- | | | A green candle appears after a series of red candles or Dojis. | Go Long | | Hold Long | Consecutive green candles with no lower wicks . | Stay in trade. | | Exit Long | A green candle with a long upper wick or a Doji . | Take profits. | | Sell Entry | A red candle appears after a series of green candles or Dojis. | Go Short | | Hold Short | Consecutive red candles with no upper wicks . | Stay in trade. | | Exit Short | A red candle with a long lower wick or a Doji . | Cover position. | | Stay in trade
Heikin Ashi candles are lagging indicators. | | Sell Entry | A red candle