Long ShadowsBack to Glossary
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 drops 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.
Found the definition you’re looking for?
If you feel we’ve missed a term; let the Traders Expert team know and we’ll include it in our Glossary.