In the first part of the post, we looked at Equal open and close, Doji patterns. In today’s post, we will discuss Short body candles.
Short body candles.
Long Shadow candles:
Long shadows are one of the more reliable candlestick patterns.
Candles with a long top shadow and short lower shadow show us that buyers dominate the market, these can lead to or continue a bull run in prices.
On the other end.
Candles with a long lower shadow and short upper shadow show us that sellers dominate the market and these candles can lead to or continue a bear run in prices.