Long Upper Shadow

A bearish (white or black) candlestick which indicates that buyers dominated during the session and bid prices higher. (the longer the upper shadow, the more reliable the signal).

 

Recognition Criteria:

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

 

Function: LongUpperShadow()

Trend: Bearish

Type: Simple