Long Upper Shadow & Long Lower Shadow
A long upper shadow shows that buyers pushed the price up strongly, but they could not hold those higher levels. Sellers came in and pushed the price back down before the candle closed.
- Upper shadows signify the session high
A long lower shadow shows that sellers pushed the price down, but buyers recovered strongly, bringing the price back up before closing.
- Lower shadows signify the session low
Candlestickds with short shadows indicate that most of the trading action was confined near the open and close
But for one reason sellers came in and pull price back down to end the session back near its open price.
Candlestick has a long lower shadow and short upper shadow, but for one reason buyer came in and pull prices back up to end the session back near its open price.