Sentences with phrase «upper shadow»

Its long upper shadow shows that buyers tried to bid the price higher.

The daily chart shows the week ending with a couple of upper shadows, still consolidating in a range.

The color of the real body (bullish or bearish) does not matter, and it should have a small upper shadow.

Both have cute little bodies (black or white), long lower shadows, and short or absent upper shadows.

This weakness could be in the form of tall upper shadows or progressively smaller real bodies.

Adding to the latter view is the multiple daily candles with a long upper shadow (upper body).

The Doji is composed of a very small body with upper shadow and lower shadow.

Both candlesticks have petite little bodies (filled or hollow), long upper shadows, and small or absent lower shadows.

The upper shadow may turn into something but still strong for now.

The Friday candle can be viewed in the context of the trend higher as strong ending with virtually no upper shadow, but the gap also raises the potential for an Evening Star reversal pattern should it confirm lower on Monday.

Hence, the upper shadow measures selling pressure.

The upper shadow represents the area where the market rose to (as part of its range), but was unable to conquer (as part of its body).

Once you understand what the range and the body of each bar signify, we are able to appreciate what the upper shadow implies.

The top vertical line is called the upper shadow while the bottom vertical line is called the lower shadow; you might also see the upper and lower shadows referred to as «wicks».

The upper shadow is usually twice the size of the body.

In the example above, the candlestick after the inverted hammer closed above it, but it has a long upper shadow (which is bearish).

Japanese candlesticks with a long upper shadow, long lower shadow and small real bodies are called spinning tops.

The upper shadow, which is above the real body, has a peak that signifies the session's high.

Break down each price bar: high, low, close, upper shadow, lower shadow, range.