Friday, July 19, 2024

Long Candle

In this article, We learn about “Long Candle “.Let’s Go!

A Long Candle represents a Japanese candle with a very long body (or height)

The larger real body of

represents a large price movement from the opening of to the closing of .

The long white/green candlestick indicates the presence of strong buying pressure.

This usually indicates a bullish trend in price. That said, long candles should be viewed within the context of the overall price movement, rather than just as stand-alone candles.

Long Candles

For example, a long white candlestick may have greater significance if it forms at a major support level.

Long black/red candlesticks indicate significant selling pressure. This indicates a bearish trend in price.

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