A charting method originally from Japan in which the high and low are plotted as a single line and are referred to as shadows. The price range between the open and the close is plotted as a narrow rectangle and is referred to as the body. If the close is above the open, the body is white. If the close is below the open, the body is black.
Nison, Steve . Japanese Candlestick Charting Techniques, New
York Institute of Finance/Simon & Schuster.
Yamanaka, Sharon . “When Candlesticks Cast Long Shadows,” Technical Analysis of STOCKS & COMMODITIES, Volume 20: June.
_____ . “The Engulfing Pattern,” Technical Analysis of STOCKS & COMMODITIES, Volume 20: January.