Shaven Head Candlestick Formation
Description
The Shaven Head candlestick is composed of only a single candlestick. A candlestick with a shaven head simply means that there is no upper wick, aka upper shadow. In other words, the open or close is equal to the high for the time period. A shaven head candlestick can be either red or green. A red body means it opened at the high and closed lower. A Green body means it opened and closed higher than the open at the high.