Long Shadows

In technical analysis, long shadows are candlesticks with long upper or lower wicks and small real bodies.

This type of candle occurs when there is a lot of one-sided buying or selling pressure during the period, but it retraces before the close and heads back to the opening price.

  • A bullish long-shadow drop after opening but the bulls recover and send the price back up to just above where it opened.
  • A bearish long shadow candle rises upon opening but bears send the price back down throughout the session, causing it to close just below where it opened.
visa mastercard paypal transfer skrill sofort giropay trustly

Open your EverFX account

It takes only a few minutes and even fewer clicks to enter the promising and exciting world of trading. Take the first step by clicking on the link below.
Trading involves significant risk of loss