Long Tail

A Long Tail candlestick is an example of a Long Shadow candlestick. The Long Tail indicates resistance to further selling in a downtrend. A Long Tail candlestick has an upper shadow that is short and a lower shadow that is long.

Long Tail

A Long Tail candlestick is an example of a Long Shadow candlestick. The Long Tail indicates resistance to further selling in a downtrend.

 


Long Tail Identification

A Long Tail candlestick has an upper shadow that is short and a lower shadow that is long. The opposite pattern is called a Tall Shadow.

Candlestick with Long Tail


Interpretation of Long Tail

The Long Tail indicates that sellers dominated during the first part of the session sending prices lower. Then the selling activity stalled and the price recovered. A Long Tail candlestick suggests support near the low price.


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