Long Candle

0
8
Last modified: May 11, 2021
Estimated reading time: < 1 min

long candle represents a single Japanese candlestick where the length (or height) of the candlestick’s body is very long

The large body indicates a huge price move from open to close.

Long white/green candlesticks indicate there is strong buying pressure.

This typically indicates the price is bullish. That said, a long candle should be looked at in the context of the overall price action as opposed to just as a standalone candle.

long-candle

For example, a long white candle is likely to have more significance if it forms at a major support level.

Long black/red candlesticks indicate there is significant selling pressure. This suggests the price is bearish.

Was this article helpful?
Dislike 0 0 of 0 found this article helpful.

OPEN A DEMO ACCOUNT

LEAVE A REPLY

Please enter your comment!
Please enter your name here