Even if they don’t have Peter Pan’s sly and scheming shadow, you can learn a lot about someone’s shadow from its size and shape: the position of the sun, the time of day, the person’s body position, the surrounding sources of light, and more. In the world of Japanese candlesticks, shadows go by several different names, including tails and wicks, but whichever term you prefer, it is important to understand the significance of a long lower tail. So today, we’re exploring a very simple signal: the Long Lower Shadow candlestick. Whether on its own or acting as a part of a larger pattern, this signal can help you understand many other candlesticks.
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