Forex Long Lower Shadow Candlestick Chart Pattern

Long lower shadow candlesticks are highly profitable because they tell you that sellers are trying to take control of price movement. The bulls will resist this attempt and try to keep prices rising. However, a sudden influx of sellers throws the bulls off their game. As a result, the trend changes from bullish to bearish. The above candlestick chart shows how the trend changes when a candlestick has a long lower shadow.

The Long Lower Shadow candlestick is a powerful tool for Forex trading. It is a part of a pattern that can be used to predict future market moves. It is also a great tool to use in Fibonacci drawing. There are many ways to use this candlestick pattern. There are two primary ways to trade with it: long lower shadows and Fibonacci lines. If you study these two factors carefully, you'll be able to find a pattern that works best for you.

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