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Stephen Oakes is an experienced financial titan from New York who brings Wall Street to Main Street. Over the past 11 years, he has developed and tested the renown, Oakes Momentum System, which uses a unique constellation of technical indicators to find timely buy and sell points. He holds an M.B.A. in the United States (New York) and has studied internationally at the Reims School of Management in France.

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Spinning Tops and High Wave Candlesticks

July 22nd, 2006 • Related • Filed Under

The last groups of candlesticks shown below are named “spinning tops” and “high wave candlesticks.” Candlesticks that show a smaller real body and obtain either color are known as spinning tops. They do not act an indicator, but tend to show up in charts.

High wave candlesticks show very long upper and/or lower shadows. A group of high wave candlesticks may tell of a trend change.

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