Friday, January 12, 2018 4:56:48 PM
Today's candle stick is identified as a "Long Shadow":
https://pbs.twimg.com/media/DTXzz8WVAAAwePn.jpg:large
Long Shadow explanation:
https://www.investopedia.com/terms/s/shadow.asp
Using The Shadow
Some technical analysts believe a tall or long shadow means the stock will turn or reverse. Some believe a short or lower shadow means a price rise is coming. In other words, a tall upper shadow means a downturn is coming, while a tall lower shadow means a rise is coming. A tall upper shadow occurs when the price moves during the period, but goes back down, which is a bearish signal. A tall lower shadow forms when bears push the price down, but bulls pull it back up, which leaves a long line or shadow. This is considered a bullish signal.
Video tutorial:
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