Long Shadow

Long Shadow candlesticks have one long shadow and one short shadow. The Long Shadow is referred to as a Tall Shadow when the upper shadow is long and the lower shadow is short.

Long Shadow

Long Shadow candlesticks have one long shadow and one short shadow.  

 


Long Shadow Identification

The Long Shadow is referred to as a Tall Shadow when the upper shadow is long and the lower shadow is short. Conversely, if the lower shadow is long then the candlestick is referred to as a Long Tail.

Long Shadows candlestick


Interpretation of Long Shadow

A Long Shadow candlestick with a tall shadow indicates that buyers dominated the first part of the session, bidding prices higher but meeting resistance near the high price. Then the buying activity stalled and the price retreated. 

If the Long Shadow candlestick has a long tail then there is support near the low price. The selling activity stalled and the price bounced.


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