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Tellin_Fibs

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Tellin_Fibs

Re: None

Tuesday, 10/30/2012 10:51:21 AM

Tuesday, October 30, 2012 10:51:21 AM

Post# of 2804248


Shadow and Tail

The shadow is the portion of the trading range outside of the body. We often refer to a candlestick as having a tall shadow or a long tail.

[img]static.incrediblecharts.com/images/png_images/candle_shadow_tail.png
[/img]
A tall shadow indicates resistance;
A long tail signals support.
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