Long Lower Shadow

A bullish (white or black) candlestick which indicates that sellers dominated during the session and drove prices lower. (the longer the lower shadow, the more reliable the signal).

 

Recognition Criteria:

·       The length of the lower shadow is equal or greater than 2/3 of the line’s total range (High-Low)

 

Function: LongLowerShadow()

Trend: Bullish

Type: Simple