Shaven Bottom Candlestick Formation
Description
The Shaven Bottom candlestick is composed of only a single candlestick. A candlestick with a shaven bottom means that there is no lower wick, aka lower shadow. In other words, the close is equal to the low for the time period. A Shaven Bottom candlestick color can be either red or green. Red means it opened higher than the close and closed on the low. Green means it opened on the low and closed higher.